New Study Funded By The Alfred P. Sloan Foundation, Suggests Today's Older Workers Will Face More Challenges Than Their Predecessors
Ten years from now, Americans born in 1960 will be able to start collecting their full Social Security retirement check, at the age of 67. That's two years later than their parents, because of a change in the federal retirement age enacted in 1983.
But a new study shows that today's preretirement generation already has more health issues and health-related limits on their lives than prior generations did when they were in their late 50s.
The new findings, made by a University of Michigan (U-M) team using data from long-term health studies and funding from the Alfred P. Sloan Foundation, are published in Health Affairs.
The study suggests that today's older workers will face more challenges than their predecessors as they continue to work, seek work, apply for Social Security disability payments, or try to retire on other income over the next decade.
But the researchers also say their findings have implications for any proposals to change the Social Security retirement age, pushing it higher for people now in their 50s and below in order to stretch the federal budget...