9 Reasons Americans are Retiring Later Than Ever
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The age 65 retirement milestone is becoming a distant memory as Americans extend their working years into their late 60s and even 70s due to economic pressures and policy changes. The current full Social Security retirement age has risen to 67 for those born after 1960, compared to 66 previously. At the same time, fewer than 40 percent of Americans report being financially prepared to retire without lowering their lifestyle. Baby Boomers and Gen X face shrinking pensions, rising healthcare costs, and persistent inflation that make retirement feel less like a reward and more like a financial puzzle. For many, working longer is not a preference but a necessity. These nine forces explain why retirement dreams are increasingly delayed.