Why Many Americans Are Retiring at Age 62, and Not Later

WSJ Your Money Briefing

The Wall Street Journal

News, Business News

3.8 • 1.6K Ratings

🗓️ 3 May 2024

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

Many people are optimistic about working beyond retirement age, but according to a new study that feeling fades as they enter their 60s. Wall Street Journal reporter Anne Tergesen joins host J.R. Whalen to discuss. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:29.0	Here's your money briefing for Friday, May 3rd. I'm J.R. Whelan for the Wall Street Journal.
0:37.0	After decades of working, many Americans imagine they'll keep working after hitting retirement age.
0:46.0	That is, until they reach retirement age.
0:49.0	There is this noted kind of psychological thing that happens where people tend to be fairly
0:55.2	optimistic about prospects for the future. Workers say they're going to retire
0:59.8	at 65, retirees say they on average retire at 62.
1:04.0	We'll talk to Wall Street Journal reporter and Turkison.
1:07.0	After the break. Oh, Donnell Light, Light, had my gardens shining.
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1:50.9	Shop in store and online today. People often envision retiring at age 65, but that seems unlikely when reality sets in.
2:08.4	Wall Street Journal Retirement Reporter Anne Turgeson joins me.
2:12.0	And why does age 65 come to mind for so many people
	...

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