Wednesday, November 16, 2011

An Addendum to the Oprah view that "50 is the new 40"

One impact of this "50 is the new 40" view is that many folks will be retiring later. According to this report, many Americans now believe they will be working at least until age 80 -- assuming they will be living that long. Altogether not such a strange proposition considering that when Social Security was adopted in the 1930s (with retirement ages at 65), life expectancies were right around 65 as well. Maybe there is some equalization going on here.


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