What is the Average Retirement Age?
Knowing the average age at retirement for a given population provides important information for administering and analyzing public and private pension programs. The average age at exit from the labor force provides a reasonable indication of the age at which older workers retire. As such, it has provided a more precise measure of the trend in the average age at retirement in recent decades in the United States than, with the exception of the Social Security Administration’s time series, has been previously available. Benefits of measuring the Retirement Age: The cohort method of measuring the average age at exit from the labor force also provides a more accurate description of the trend in the average age at retirement for Women than did earlier studies, many of which relied on a crosssectional analysis of changes in elderly women’s labor force participation rates. • Constructing a time series of the average age at exit from the labor force permits one to see not only the direction of
The average retirement age is defined as the average age at which individuals within a certain group or demographic retire from employment. The average retirement age is not a stable number that remains the same over generations. Instead, it changes, varying according to trends in employment, retirement, and life expectancy. For example, in the United States, the average age at which individuals retired in 1910 was 74 years old. In 2002, however, the average retirement age was 62. Many people confuse the average retirement age with the normal or full retirement age. In the United States, the full or normal retirement age is the age at which a person can begin to receive full social security benefits. This is different from the average age at which citizens of the United States retire. The average age of retirement may differ according to a full range of factors. Average retirement ages may differ between men and women. They may also differ according to race, income bracket, place of re
Please please — don’t let an “Average Retirement Age” become your reason for retirement….. function save() { var errors = []; var regexp = /200) { errors.push(‘Your submission title must be a maximum of 200 characters.’); } if (field.match(/^\s*$/)) { errors.push(‘Your submission must have a title.’); } if (field.match(regexp)) { errors.push(‘Your submission title may not contain html.’); } field = document.htmlForm2.submission_text.value; if (field.length>10000) { errors.push(‘Your submission body must be a maximum of 10000 characters.’); } if (field.match(/^\s*$/)) { errors.push(‘Your submission body is empty.’); } if (field.match(regexp)) { errors.push(‘Your submission body may not contain html.’); } field = document.htmlForm2.submission_image.value; if (field && !field.match(imgregex)) { errors.push(‘Your image must be a jpg.’); } field = document.htmlForm2.submission_image_text.value; if (field && field.length>200) { errors.push(‘Your image caption must be a maximum of 200 char
