Practically Everyone Retires Early These Days

Fight disinformation: Sign up for the free Mother Jones Daily newsletter and follow the news that matters.


As long as we’re on a retirement kick around here, Social Security’s latest statistical supplement is out and you just know you can’t resist diving in to its 528 pages of mind-numbing tables. Just kidding. I’ll bet you can resist. (But if you really can’t resist, the whole thing is here.)

Anyway, here’s an interesting chart (from Table 5.B8) showing the rise in early retirement. Bottom line: Almost no one waits until age 66 (the current full retirement age) these days. A full 71 percent of men and 76 percent of women now get reduced Social Security benefits because they retired early. In 1965, only 21 percent of men and 49 percent of women retired early.

Among men, the average monthly benefit for those who retired early is $1,283. The average monthly benefit for those who waited is $1,625. Among women, the averages are $1,019 and $1,283.

A BETTER WAY TO DO THIS?

We have an ambitious $350,000 online fundraising goal this month and we can't afford to come up short. But when a reader recently asked how being a nonprofit makes Mother Jones different from other news organizations, we realized we needed to lay this out better: Because "in absolutely every way" is essentially the answer.

So we tried to explain why your year-end donations are so essential, and we'd like your help refining our pitch about what make Mother Jones valuable and worth reading to you.

We'd also like your support of our journalism with a year-end donation if you can right now—all online gifts will be doubled until we hit our $350,000 goal thanks to an incredibly generous donor's matching gift pledge.

payment methods

A BETTER WAY TO DO THIS?

We have an ambitious $350,000 online fundraising goal this month and we can't afford to come up short. But when a reader recently asked how being a nonprofit makes Mother Jones different from other news organizations, we realized we needed to lay this out better: Because "in absolutely every way" is essentially the answer.

So we tried to explain why your year-end donations are so essential, and we'd like your help refining our pitch about what make Mother Jones valuable and worth reading to you.

We'd also like your support of our journalism with a year-end donation if you can right now—all online gifts will be doubled until we hit our $350,000 goal thanks to an incredibly generous donor's matching gift pledge.

payment methods

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate