Whatever happened to 65 and out? ... Can you name a single institution of American life that’s functioning better today than it was before the boomers took over?
Matthew Hennessey must be like 120 years old to know how things were before the boomers took over.
Someone really should tell this guy full retirement age is 66-67, not 65, for people born in 1943 and later. To get what people used to get at 65, THEY MUST WORK LONGER.
There are 10.347 million 65 and older working in 2019 on average. The 65s were born in 1954. There's 4.07 million right there. They hit full retirement age this year, at 66. But after that it starts stretching out: 66 years 2 months if born in 1955, then 66 years 4 months, and so on until 1960 when full retirement age is 67 years old. And there's over 4 million in each of those years, too. So you think it's bad now, just you wait Henry Higgins, just you wait.
Go ask these people if they wish they could retire already. A majority of them would rather be among the 42 million their age who are no longer in the labor force. And that will become more true with every passing year. Believe me.
Meanwhile 48 million GenXers are employed. They are not being stifled by 10 million who refuse to retire.
