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In the United States, while the normal retirement age for Social Security, or Old Age Survivors Insurance (OASI), historically has been age 65 to receive unreduced benefits, it is gradually increasing to age 67. For those turning 65 in 2008, full benefits will be payable beginning at age 66.
Here are some facts they discovered: The average retirement age according to Gallup is now age 61; it was 59 about ten years ago and it was 57 in the early 1990's. Currently, about one-third of workers say they plan to retire when they are age 66 or older. In 1995, only 14 percent planned to wait that long.