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Old age is the range of ages for people nearing and surpassing life expectancy. People who are of old age are also referred to as: old people, elderly, elders, senior citizens, seniors or older adults. [1] Old age is not a definite biological stage: the chronological age denoted as "old age" varies culturally and historically. [2]
“So if they’re 70 years old, they’ll say old age begins at 75. And when they get to 75, they’ll say old age begins at 80.” Of course, age doesn’t always correlate with health status.
The first retirement age was set in Germany by Otto von Bismarck in 1881, originally at 70, before being reduced to 65 in 1916. [3] Following this, more countries began to adopt an official retirement age, such as Britain with the passage of the Old Age Pensions Act 1908 , which set the initial retirement age at 70 before it was reduced to 65 ...
Over the age of 65: elderly, senior citizens. The age structure of a country has a strong impact on society and the economy. If the proportion of 0–14-year-olds is very high, there may be a so-called youth bulge. If, on the other hand, the proportion of over 65 is very high, the social systems of a country can be heavily burdened.
Given an increase in life expectancies, it's not a bad idea to aim to retire at age 70 instead of planning to do in your mid- or even late 60s. In fact, retiring at age 70 offers a number of benefits.
Whether the full retirement age (FRA) in the U.S. should be pushed back to 70 years old has been a hot topic among politicians. Republican House leaders released a proposed budget that suggests 70 ...
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