BOOMERS Senior Living Did you know? (METRO) A high cost of living and advancements in medicine that have contributed to longer life expectancies would seemingly compel individuals to work longer, but data indicates the average professional is retiring shortly after turning 60. Data from the 2024 MassMutual Retirement Happiness Study indicates that the average retirement age among American retirees is 62. That’s in spite of the fact that pre-retirees and retirees who participated in the study indicated that 63 is the ideal retirement age. Canadians are staying in the workforce a good deal longer, as Statistics Canada reports the average retirement age across Canada in 2023 was 65.1. That disparity could be due to the Canada Pension Plan (CPP), which replaces part of retirees’ income with a monthly, taxable benefit. The Government of Canada reports the standard age to start the CPP is 65.
EVERY WALK OF LIFE IS WELCOME AT
Clarendale of Algonquin.
INDEPENDENT LIVING ASSISTED LIVING MEMORY CARE
Your background, personality and interests are what make you unique and what will allow you to fit right in at our community. We embrace – and celebrate – everyone’s differences and open our doors to all. If you’re ready to amplify the life you already love with new friendships, experiences and ideas, visit us for our next event and feel the genuine connection for yourself. Join us for an upcoming event by scanning the QR code or visiting ClarendaleOfAlgonquin.com/News-Events.
Clarendale of Algonquin 2001 West Algonquin Road | Algonquin, IL 60102 web ClarendaleOfAlgonquin.com
tel
847-262-9630