American's Believe Retirement Age Now Closer to 70

By Scott Sarvay

American's Believe Retirement Age Now Closer to 70

April 30, 2012 Updated Apr 30, 2012 at 10:42 AM EDT

UNDATED (Indiana’s NewsCenter) – According to a new Gallup poll the average age at which Americans are expecting to retire is now at 67, in 1996 the age was 60.

Gallup’s annual Economy and Personal Finance survey found that people who are currently under age 40 expect to retire at age 65. Those who are 40 and over, and not yet retired, expect to retire at 68.

Still, the average retirement age is expected to increase in the coming years. A major culprit appears to be money. The same poll found that more than half of the people who aren’t yet retired don’t think they’ll have enough money to live comfortably in retirement.

Even with a later retirement date you should still be able to enjoy some golden years. The average life expectancy in the United States is 78 years.




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