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The Townsend Plan, officially the Old-Age Revolving Pensions (OARP) plan, was a September 1933 proposal by California physician Francis Townsend for an old-age pension in response to the Great Depression, leading to a social and political movement.
Francis Everett Townsend (/ ˈ t aʊ n z ən d /; January 13, 1867 – September 1, 1960) was an American physician and political activist in California.In 1933, he devised an old-age pension scheme to help alleviate the Great Depression.
Though retirement was viewed by some as an essential adjustment, many among the older populace resisted the idea of retirement. [1] By 1935, the idea of paying older persons a pension sufficient to get them to quit working became widespread. A Californian, Francis Townsend, proposed a plan offering compulsory retirement at age 60. In return ...
Fewer than 1 in 4 retirees are very confident they will be able to maintain a comfortable lifestyle throughout their retirement, according to a new report by the nonprofit Transamerica Center for ...
About half of middle-income Americans who are currently employed say they expect to work past age 65, according to a study from the Transamerica Center for Retirement Studies and the Transamerica ...
Retirement plan and IRA required minimum distributions FAQs. IRS. Accessed December 13, 2024. Social Security Retirement Age Calculator. Social Security Administration. Accessed December 13, 2024.
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