The modern retirement age is changing and gradually increasing as time goes on. While the average retirement age used to be 65 years old, it has progressively increased to 67 years old for those born after 1959. As the modern retirement age changes, you may be wondering what your retirement age is, or you may need a little help planning what your retirement will look like.
There is a reason one of the oldest age groups is referred to as the Greatest Generation. They were raised in one of America’s lowest financial points in history, the Great Depression, and had to grow up during a time where nearly no one had a substantial amount of money and there was no hope for a social security check to come in the mail. Not only did the Greatest Generation face this economic hardship, they also had to face World War II. However, the economic turmoil did help them become the greatest generation at saving money. If you have a loved one from this time period and you are in charge of their senior living costs, check out this article for help with payments.