In the News
We'll All Rethink Our Retirement One Way or Another | The Wall Street Journal
17 March 2014—Kevin E. Cahill, Center's research economist was mention on online.wsj.com
Americans are already rethinking retirement. Over the past three decades, changes in retirement incentives have occurred to each of the three pillars of retirement income: Social Security, private pensions and savings. The specifics of each change may be different, but they all have one thing in common—they altered the relative attractiveness of work and leisure later in life, uniformly in favor or work. The average retirement age of men is now higher than it has been since the mid-1970s, and both men and women in America are working later than pre-1980s trends would have predicted. A near-100-year trend in earlier and earlier retirements is over, and has been for nearly three decades.
Kevin E. Cahill, Ph.D.
Sloan Center on Aging & Work at Boston College