As a value judgment, normative economics stands in sharp contrast to positive economics, which is objective, rather than subjective in nature. This type of economics looks at 'what is' happening in the economy, and while not necessarily correct, the statements can be evaluated and eventually proven or disproven.
Is 62 the age of a senior citizen? At the age of 62, one can retire with social security benefits within the US, and is considered to be the age of a senior citizen by many organizations. However, the federal gâ¦overnment has determined one who is 65 years of age or older is senior citizen.
To withdrawl social security, you must be at least 62.....62 is considered early, 65 is considered on time. Is... show more Is there an official senior citizen age? a lot of senior discounts are given to people at 55+. Does that make 55 the official senior citizen age? AARP let's people join if they are 50+. To withdrawl social security, you must be at least 62.....62 is considered early, 65 is considered on time. Is... show more Is there an official senior citizen age? a lot of senior discounts are given to people at 55+.