For Immediate Release
Alan Barber, (202) 293-5380 x 115
Social Security and the Age of Retirement
WASHINGTON - A new report released by the Center for Economic and
Policy Research (CEPR) shows that the increase in life expectancy in the
U.S. over time has had a two-fold effect. For younger workers,
increased longevity and higher productivity will permit longer
retirements. But the decision to raise the retirement age from 65 to 67
took back much of these gains for a generation of workers.
"For women in particular, the
increase in working years means that they will see a length of
retirement virtually the same as their parents." said David Rosnick, an economist at CEPR and author of
The study, "Social Security and the Age of Retirement,"
demonstrates that, historically, life expectancy at birth is not an
accurate indicator of how working lives and retirements both have grown
The analysis suggests that a lengthier retirement does
not necessitate raising the retirement age or direct cuts in Social
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