Core Insights - The traditional retirement age of 65 in the United States is changing, with many individuals retiring earlier due to health issues, layoffs, or spousal retirement [2][4] - The average retirement age is reported as 64.6 for men and 62.6 for women, indicating a trend towards earlier retirement [3][7] - A significant portion of the workforce, particularly men, does not reach age 65 before retiring, with only about 40% of men and 45% of women making it to that age [4] Retirement Trends - Early retirement is often influenced by health problems or job loss, rather than being a voluntary choice [4] - The labor force participation rate for individuals aged 55 and older has increased since the early 1990s, contributing to a rise in the average retirement age [8] - Younger generations may delay retirement due to financial pressures such as student debt and high housing costs [7] Economic and Social Factors - Social Security reforms, including raising the full retirement age and increasing delayed retirement credits, incentivize working longer [9] - The retirement landscape is evolving, with some older adults choosing to work beyond age 65, reflecting a shift in societal norms around retirement [6][5]