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Fact of the Week: 27 February 2012


fact of the week

Fewer Older Workers Expect to Retire at 62 or 65

According to a 2012 analysis of data from the Health and Retirement Survey, "a declining percentage of Americans are expecting to retire at 62 and 65. In 2006, 7.4 percent of people [over the age of 50] said they plan to stop working at 62, but by 2010 it had dropped to 4.9 percent. In 2006, 16.1 percent people expected to retire at 65, but in 2010, 14.6 percent planned to do so. Conversely, expected retirement at 66 has increased from 2.9 percent in 2006 to 4 percent in 2010."

Banerjee, S. (2011). Retirement age expectations of older Americans between 2006 and 2010. Employee Benefit Research Institute Notes, 13(12), 2-12. Retrieved from ebri.org.


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