Retirement Age

when various institutions expect a person to stop working at a DayJob

Arnold Kling on forecasting Life Expectancy and its implications for Social Security timing

The age of 65 was set in the Social Security Act of 1935! (That's the "normal" age when full benefits are available, there's also an "early" age of 62.)

• in 1983 the US Congress passed a law moving the normal age to 67, over a 22-year period starting in 2000!