Data Finds People Working Longer, Living Less

By:
Chris Gaetano
Published Date:
Oct 23, 2017
Retirement

Recent statistics released by the Society of Actuaries has found that people are retiring later even as life expectancy is getting shorter, according to Bloomberg. The number of deaths per year in the U.S. increased 1.2 percent between 2014 and 2015, which is the first year-over-year increase since 2005 and the second time that increase was greater than 1 percent since 1980. Life expectancy overall has dropped 0.2 percent.

At the same time, the average retirement age, measured as the age at which people can claim their full Social Security benefits, has increased from 65 to 67 between 2002 and 2017. This reflects a world where one in three retirement-age Americans (those 65 to 69) are still working. People in their early 70s aren't that much better, with nearly one in five still working at that age. While this can be a smart financial move, it might not be so good for one's health: a quarter of Americans between 58 to 60 reported themselves in "poor" or "fair" health. 

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