After falling for more than a century, the average retirement age is once again climbing, according to the Bureau of Labor Statistics, Dow Jones reports. Twenty years ago, only 18% of people in their late 60s were still working. Today, that’s 29% and expected to continue to climb.
And according to a survey by the National Association of Realtors, more than 25% of Baby Boomers never expect to retire.
In 1997, the average retirement age was 60, but today that’s 62, according to the Employee Benefit Research Institute.
The staff of Money Management Executive ("MME") has prepared these capsule summaries based on reports published by the news sources to which they are attributed. Those news sources are not associated with MME, and have not prepared, sponsored, endorsed, or approved these summaries.