When we discuss delayed retirement, we often fixate on factors such as inadequate savings. But there are other explanations for why people are working for many more years than they anticipated, including policy changes made to Social Security during the early 1980s. As indicated by writer Peter Orszag, in 1997, 57 percent of men claiming their retirement benefits were 62 years old, the earliest age at which one can do that.
Anirban tells us more.
