Why Americans are Waiting Longer to Retire

Traditionally, American workers retired when they turned 65, but that is no longer the case. As CNBC reports, with millions of baby boomers now reaching “Peak 65” many are questioning the appropriate age to retire. One of the main reasons is that the Social Security full retirement age (FRA) — the age at which a worker is eligible for 100 percent of the benefits earned — is inching up to 67 for anyone born in 1960 or later. And by waiting until age 70 to claim Social Security, retirees can receive the biggest benefits.

The Seniors Trust is devoted to improving Social Security for all retirees. It wants Congress to enact the Social Security Expansion Act which will increase benefits, create a strong and long-lasting trust fund, and guarantee every retired worker receives adequate Social Security benefits and a fair Cost-of-Living Adjustment (COLA). You can show your support by signing our petition to Congress.