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.
Conservative-learning alternatives to the AARP, the American Seniors Association and Association of Mature American Citizens, also let you sign up at age 50. Senior Discounts: 55, 60, 62, 65. Many older people complain about the âsenior citizenâ label, saying they donât feel old. However, hereâs the good news: Those few extra years can pay off in big savings with senior discounts. A few senior discounts start as early as age 50, especially with an AARP card (see above). But the senior savings really kick in at ages 55 and 60, with a few businesses and organizations making you wait until 62 or 65.