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.
When Do I Become a Senior Citizen? With the oldest of the Baby Boomers turning 65 this year, the question of when one becomes a senior citizen is a topic of interest to a new generation. Last year, about half of 64-year-olds responding to a 2010 Del Webb Baby Boomer Survey said the term âsenior citizenâ does not apply to them because they donât âfeelâ like a senior.