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Old 10-05-2024, 04:33 PM
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Originally Posted by GoRedSox! View Post
I misspoke about 70% of people taking Social Security at 62. I was trying to say that 70% take it before full retirement age. And I was not looking at the most current data, which someone posted above.

As for how many people are retired and at what age, according to the Motley Fool:

The average retirement age for Americans is 61.
The average retirement age has increased by a few years since the early 1990s, when the average American retired at 57.

This article with is current as of April 2024 provides much more info on retirement age and why people left the workforce, including involuntary reasons. According to CBS, 70% of Americans are retiring before age 65. Planning on retiring at 65? Most Americans retire far earlier — and not by choice. - CBS News
Life expectancy rose as much as the retirement age did...
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