To be pushing age 70 and still working is a scary thought. But are we kidding ourselves that we'll be able to retire by 62 just because we can start collecting Social Security? 

For the short answer, I look to two new studies, both out this week. The first from the Economic Policy Institute, a D.C.-based, nonpartisan think tank that examines how economic policies affect the needs of low- and middle-income Americans. The second is from another nonpartisan think tank, the National Center for Policy Analysis, which promotes "private, free-market alternatives to government regulation and control."

Monique Morrissey, a former AFL-CIO employee and now-economist at the Economic Policy Institute, says that to understand how changing the retirement age would affect Social Security beneficiaries, we should know the age at which people actually retire.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and events
  • Access to other award-winning ALM websites including and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.