Technically, the Social Security Administration first applied the 2.5% cost-of-living adjustment (COLA) to the December 2024 benefit. But since the Social Security Administration pays benefits in the ...
(That's age 62, according to 2023 EBRI Retirement Confidence Survey.) And according to the Federal Reserve, the average retirement account balance for Americans ages 55 to 64 in 2019, the latest ...
The earlier you start saving for retirement ... age range. Of course, averages can be skewed by those who have large nest eggs, and median numbers are significantly lower, according to the Federal ...
In 1954, the Senate passed a resolution proposing a constitutional amendment that'd require retirement at age 75 for federal judges. The federal judiciary has proved averse to outside oversight.