Social Security's retirement age increases today. Here's what to know
In 2024, the life expectancy for someone born in 1959 was 74 for men and 80.1 for women, according to a Social Security report. The report predicts continuing increases in life expectancy, which translates into even more years that beneficiaries will receive Social Security checks.
Many people think of 65 as retirement age. But for people born in 1960 or later, you'll now have to wait until 67.
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Policymakers hope the move will help ease the pressure on pension systems as more people enter retirement than ever before.
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A 61-year-old man said searching for a job as an older man has its list of challenges. There are programs available to help seniors land jobs.
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