edthecynic
Censored for Cynicism
- Oct 20, 2008
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And Boomers turned 65 in 2011. I already showed that more workers retired or became disabled in 2011 than the 1.2 million who left the workforce in 2011 that CON$ claim left because they were discouraged. I want to see some numbers that prove that 1.2 million workers became discouraged in 2011.If 1 out of 4 are waiting to retire, how does that change the fact that 3 out of 4 are not waiting???Workers are now retiring at older ages because the incentives to retire have changed. Since the mid-1990s, the average retirement age has risen from 62 to 64 for men and from 60 to 62 for women, according to a new Center for Retirement Research at Boston College analysis of Census Bureau data. The trend toward later retirement has been driven by declines in traditional pensions and retiree health benefits offered by employers, changes in the way Social Security benefits are calculated, better education and health, and less strenuous jobs that people are able to perform at older ages.
Average Retirement Age Grows - Planning to Retire (usnews.com)
A quarter of middle-class Americans are now so pessimistic about their savings that they are planning to delay retirement until they are at least 80 years old -- two years longer than the average person is even expected to live.
25% of Americans expect to wait until age 80 to retire - Nov. 16, 2011
Wrong again Ed.
Ideation Insurance Group
Approximately 3 out of 4 Americans start claiming Social Security benefits the moment they are eligible at age 62.
Yep, and the average is now two years OLDER than what you said was a shringking age to retirement.