For many of us, it’s the target because for a long time this has been the age set by the Social Security Administration labeled as when can retire with full benefits, many still choose to take early retirement at 62. As the baby boomers get older, this rite of passage is being modified gradually to 66 and 67, but that’s just us, here in the US.
In some countries, retirement is mandated at a particular age. Can you imagine not having that choice? That once you attained that age, you were told that your services were no longer necessary and you must leave employment. For some, it’s not a financial issue, but more an issue of purpose or interest. For some at 65, statistics average that you may still live another 15-20 years, and many would prefer to remain working. This will now become a choice. It also has an impact on many of the younger people who have just entered or are entering the workforce in a more sluggish economy. Or those in mid-career who are hoping to advance. Both groups have concerns about their opportunities.
“Age is an issue of mind over matter.
If you don’t mind, it doesn’t matter.” – Mark Twain