Ever Wondered? Why is the Retirement Age 65?
We just accept some things the way they are without questioning them. Have you ever wondered why the retirement age in the U.S. is 65?
If so, then check out this article called, “Why is the Retirement Age 65?” by Matt Soniak and learn the surprising reason why…
“In the early 1880s, Chancellor Otto Von Bismarck of Germany had a problem. Marxist unrest was spreading across Europe and some of his own countrymen were calling for socialist reforms. To take the wind out of their sails and stave off more radical policies, Bismarck concocted a first-of-its-kind social insurance program wherein the national government would contribute to the pensions of nonworking older Germans.”
“Along with German Emperor William the First, Bismarck announced the idea in 1881, and the pair made their case to the Reichstag, or German Parliament, that ‘those who are disabled from work by age and invalidity have a well-grounded claim to care from the state.’*”
Click here to continue and learn about why the retirement age is 65 years old on MentalFloss.com…
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