5/15/2013 – In U.S., Average Retirement Age Up to 61 (Gallup)

The average age at which U.S. retirees say they actually retired is now at 61, up from 57 in the early 1990s. These results are from Gallup’s annual Economy and Personal Finance survey, conducted April 4-14. The average retirement age has crept up by four years over the past two decades, from 57 in 1991 to the current 61. Because most of the uptick came before the 2008 recession, this shift may reflect more than just a changing economy. It may also indicate changing norms about the value of work, the composition of the workforce, the decrease in jobs with mandatory retirement ages, and other factors.

Read the full article at Gallup.

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