Boston College Analysis Details Retirement Age Trends and Social Security Rules
What happened
The Center for Retirement Research at Boston College analyzed Census Bureau data to study retirement age trends. The analysis found that the average retirement age can range from approximately 63 to 65. The report also detailed that Social Security benefits increase by 8 percent for each year benefits are delayed past the full retirement age until age 70.
From theepochtimes.com
Why it matters
The research provides academic findings that inform proposals regarding Social Security policy. The report outlines how claiming Social Security benefits before the full retirement age results in a smaller benefit amount compared to claiming at the full retirement age.
Study findings from Boston College inform proposals regarding Social Security.
From theepochtimes.com
Who's involved
- Boston CollegeConducted the analysis of Census Bureau data on retirement age trends.
- Social SecurityThe government program whose benefits and policy are discussed in the research.
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The entities involved
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Boston College
private research university in Chestnut Hill, Massachusetts, United States
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Social Security
political party in Israel