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In addition, business hours in restaurants allow for flexible schedules that appeal to many teenagers, who can gain work experience. Compared with all other occupations, a much larger proportion of food and beverage serving and related workers were 16 to 19 years old in 2014.
For example, for workers born in 1944 (the cohort that attained Social Securityâs normal retirement age of 66 in 2010), the CRR methodology yields an average retirement age of 62.2 for men and women combined (Figure C). However, the labor force participation rate for this cohort peaked at 84.3 percent at age 46.here is a fallacy in circulation that Americans tend to stop working in their early 60s, shortly after becoming eligible for reduced Social Security benefits at age 62 and well before the designated âfullâ retirement age of 66 (Rivlin 2010). As this issue brief shows: