Average Age <br />of Retirement , Continues <br />to Climb , in the U.S. .<br />'Newsweek' reports that more <br />people in the United States are <br />planning to retire later in life.<br />According to Gallup's annual Economy <br />and Personal Finance survey in April, <br />the average age of retirement is now 61. .<br />In 1991, the average retirement age was 57.<br />Current workers now estimate they will retire at 66.<br />According to Gallup's recent analysis, <br />one of the main reasons is changes being made to the Social Security program in the 1980s.<br />Those reforms raised the age at which Americans were eligible for full retirement benefits to 65.<br />Due to those changes, anyone born after 1960 <br />isn't eligible for full benefits until the age of 67.<br />Another potential driving factor could be longer <br />life expectancy increasing the need to work <br />longer and shore up retirement funds.<br />The increasing availability of gig work on <br />the Internet has also given older Americans<br />an alternative to grueling manual jobs.<br />According to a 2021 Pew Research Center survey, nearly <br />20% of gig workers in the U.S. are over the age of 50. <br />About one-third of those workers are over the age of 65.<br />According to a 2021 Pew Research Center survey, nearly <br />20% of gig workers in the U.S. are over the age of 50. <br />About one-third of those workers are over the age of 65.<br />The U.S. Bureau of Labor Statistics predicts <br />that the number of people in the labor force <br />over 75 will grow by about 96.5% by 2030
