Sweeping restrictions on abortion across the U.S. have already had major ripple effects in reproductive health care. During president-elect Donald Trump’s next administration, restrictions on abortion are likely to ramp up, and birth control may be next. The double hit is causing some people to urgently consider long-acting reversible contraception such as intrauterine devices (IUDs), or permanent contraception such as sterilization.
“I’ve definitely noticed a change post-Dobbs,” says Rachel Flink-Bochacki, an ob-gyn who practices in New York State, referencing the 2022 Supreme Court decision in Dobbs v. Jackson Women’s Health Organization that eliminated the nationwide right to abortion. In particular, Flink-Bochacki noticed an increased level of interest in sterilization among her patients. “It was a common conversation among ob-gyns, where we were all sort of saying, ‘Does anyone feel like we’re getting way more consults for this?’”
The data suggest this perception had some truth to it, says Xiao Xu, a health economist at Columbia University Irving Medical Center. In a recent report in JAMA, she and her colleagues found a statistically significant increase in sterilization procedures nationwide in the immediate aftermath of the Dobbs decision, which overturned the 1973 Roe v. Wade ruling that legalized abortion. The study also found that states with abortion restrictions continued to show higher rates of sterilization six months later. Other research has shown increases in long-acting reversible contraception use and sterilization procedures since Dobbs. These measures can prevent pregnancy for years at a time or for the rest of someone’s life. They are also less prone to failure than a daily pill and other short-term and temporary contraception.
The results of the 2024 election appear to have further amplified this interest: reports from Planned Parenthood, which provides family planning and other reproductive health services, suggest sharp increases in appointments for vasectomies, IUDs, and birth control implants at centers nationwide. That’s not surprising. “If abortion is becoming more difficult to do, women may turn to contraception to prevent a need for abortion,” Xu says. “Any abortion-targeted policy can have an impact broader than abortion care itself.”
Long-Acting Contraception
Three methods of long-term birth control are currently available: an arm implant, several varieties of IUDs, and sterilization procedures. All are extremely effective, with fewer than one pregnancy per year for every 100 people using them. In a survey conducted between 2017 and 2019, when abortion remained legal nationwide, some 24 percent of women relied on either their own or a partner’s sterilization for birth control, while 10 percent relied on an IUD or arm implant. People interested in any of these approaches will first consult with their doctor before scheduling the IUD or implant insertion or surgery, all of which are usually outpatient procedures.
Sterilization involves procedures such as a vasectomy, which cuts or blocks the tubes that carry sperm out of the testes, or a bilateral salpingectomy, which removes the fallopian tubes that carry eggs to the uterus. Both procedures are conducted under anesthesia but are typically minimally invasive; they are also irreversible. Flink-Bochacki notes that the consultation process includes a doctor evaluating that someone has fully thought through the decision, although some practitioners may refuse to perform these procedures on people without children. In the wake of Dobbs, she notes, reproductive health advocates have created online lists of doctors who are willing to perform these procedures on people without children.
The arm implant and IUDs only work on people who can get pregnant, and they are long-lasting but not permanent. “They are phenomenal options, and they are reversible, so if you don’t like [them], you can obviously have [them] removed, and your fertility returns and there’s no long-term effects,” Flink-Bochacki says. (She notes that IUDs and implants are also the most popular form of contraception among ob-gyns themselves.)
“Brain rot” is the official Word of the Year for 2024, according to the Oxford English Dictionary’s publisher, Oxford University Press. Here’s how that august chronicler of English defines the phrase: brain rot is the “supposed deterioration of a person’s mental or intellectual state,” resulting from the “overconsumption” of trivial material—especially stuff found on the Internet.
Brain rot is a symptom of mindless scrolling through nonsense memes and sludge content. It is the sensation of faculties warmly smothered by one too many AI-generated pictures; see the off-putting depictions, popular on Facebook, of Jesus fused with crustaceans.
Of course, the term doesn’t describe literal decomposition, which happens rapidly to most dead human brains (although, curiously, not all of them). “‘Brain rot’ speaks to one of the perceived dangers of virtual life, and how we are using our free time,” Oxford Languages president Casper Grathwohl said in a press release. “It feels like a rightful next chapter in the cultural conversation about humanity and technology.”
The expression’s usage frequency spiked 230 percent between 2023 and 2024, the dictionary-maker says, and it was especially common this year on TikTok. It beat out five other words du jour curated by Oxford’s linguists and submitted for public voting, in which 37,000 people participated. (Another shortlisted word was “slop,” which describes the low-quality images and text churned out by large language models.)
Notably, the expression is probably most used by the people who consume or produce most of the content blamed for brain rot. Gen Z and Gen Alpha have readily adopted the phrase, Grathwohl notes, with an attitude both tongue-in-cheek and self-aware. It’s a joke, but it may have some teeth: 2024 was also a year of pronounced concerns about mental health harms and Internet use. In June U.S. Surgeon General Vivek Murthy called for warning labels on social media platforms.
To be sure, brain rot has been with us for years. Before the Internet, television was the great brain-rotter of its time. And Oxford has traced the expression to its first recorded use in Walden, the 1854 book by protohippie Henry David Thoreau. “While England endeavours to cure the potato rot,” Thoreau wrote, “will not any endeavour to cure the brain-rot—which prevails so much more widely and fatally?” Our distractions may change, but our worries and complaints about them are ageless.
Working with family members in a business setting is a unique experience that brings both opportunities and challenges. Entrepreneurial families—those engaged in creating and managing businesses over generations—often rely on the strength of family ties to create long-lasting ventures. However, combining family and business dynamics introduces complexities that need to be managed in order to avoid heaven becoming hell.
Fortunately, by understanding the potentially difficult dynamics of working with relatives, you can navigate potential pitfalls and increase your family business’s odds of long-term success.
Here are the key advantages and disadvantages of working with relatives:
The pros of working with relatives
1. Strong trust and loyalty
One of the most significant advantages of working with family members is the inherent trust that comes from a lifelong relationship. Family members often feel a strong sense of loyalty to each other, which can lead to more dedication to the business and a willingness to go the extra mile. This trust can foster a safe and supportive work environment where individuals feel comfortable sharing ideas, taking risks, and stepping up when needed. With family members involved, there’s often less worry as interest is closely aligned with the business’s success. This trust helps families make difficult decisions together and endure challenges, which is especially important for businesses that aim to sustain success across generations.
2. Shared vision and values
Family businesses often benefit from a strong, shared vision that unites family members around a powerful sense of purpose. This shared vision drives both the business and the family forward. When family members share similar beliefs about what they want to achieve (e.g., commitment to quality, customer service, and/or ethical practices), decision-making becomes more cohesive and unified. This alignment of values can set a family business apart, creating a unique culture and identity that resonates with both customers and employees.
3. Long-term commitment
Family members often have a vested interest in the business’s success over the long term, as the company is not just a job but a representation of the family’s legacy. This long-term commitment means that family members are more likely to make sacrifices for the good of the business, such as reinvesting profits instead of taking dividends or working extra hours during challenging times. This perspective encourages sustainable growth rather than short-term gains, helping family businesses weather economic downturns and build a resilient foundation for future generations. The motivation to pass on a healthy business to the next generation can drive family members to make decisions that protect and preserve the business over time.
4. Flexibility and support
In family businesses, members are often willing to step into various roles or take on additional responsibilities to keep the company running smoothly. Family members may support each other through personal and professional challenges, providing a level of flexibility and understanding that might not be found in nonfamily businesses. This adaptability can be especially valuable in smaller or growing
businesses, where resources are limited, and everyone must wear multiple hats. Additionally, family businesses often provide a supportive work environment that encourages family members to develop their skills and talents, knowing that their success directly contributes to the family’s legacy.
The cons of working with relatives
1. Blurring of professional and personal boundaries
One of the biggest challenges in working with family members is maintaining a clear separation between personal and professional lives. Family dynamics—such as sibling rivalries, parental expectations, or longstanding disagreements—can easily reverberate into the workplace, complicating relationships and decision-making. And vice versa, disputes in the working environment can be brought home, rusting family relationships. Without clear boundaries, work-related issues can strain personal relationships, and personal conflicts can negatively affect business performance. This blurring of personal and professional lines can lead to stress, resentment, and even burnout if family members feel they can never truly leave work behind.
Earth’s surface is a turbulent place. Mountains rise, continents merge and split, and earthquakes shake the ground. All of these processes result from plate tectonics, the movement of enormous chunks of Earth’s crust.
This movement may be why life exists here. Earth is the only known planet with plate tectonics and the only known planet with life. Most scientists think that’s not a coincidence. By dragging huge chunks of crust into the mantle, Earth’s middle layer, plate tectonics pulls carbon from the planet’s surface and atmosphere, stabilizing the climate. It also pushes life-fostering minerals and molecules toward the surface. All of those factors add up to a place where life thrives from ocean abysses to towering peaks.
But researchers don’t know why or when plate tectonics started, making it hard to determine how essential this process was to the evolution and diversification of life. Some think plate movement fired up as little as 700 million years ago, when simple multicellular life already existed. Others believe only single-celled organisms reigned when Earth’s plates first cracked apart.
In fact, as new methods allow scientists to look ever-deeper into the past, some are now arguing that plate tectonics emerged very soon after Earth’s formation — perhaps predating life itself. If this hypothesis is true, it may suggest that even the most primitive life evolved on an active planet — and that means plate tectonics could be an essential ingredient in the search for alien life.
“The only way we can reliably see a long-term history is on our own planet,” said Jesse Reimink, a geoscientist who studies early Earth history at The Pennsylvania State University. “We really need to understand the life cycle of a planetary body before we can do a lot with the exoplanet data.”
Destruction of evidence
Only Earth has jigsaw-like tectonic plates that crash together and pull apart like bumper cars. The other rocky planets in the solar system have a single, rigid shell of crust — a geological arrangement that scientists call “stagnant lid” or “single lid” tectonics.
In plate tectonics, pancake-like chunks of brittle crust and upper mantle ride on the hotter, more mobile mantle below. New crust forms at midocean ridges, where gaps between separating plates create space for magma from the mantle to rise. In a geologic balancing act, dense oceanic crust is destroyed at subduction zones, where one plate slides under another. The oldest known bit of oceanic crust, located in the Mediterranean, dates to just 340 million years ago, making it far too young to be useful for pinpointing when plate tectonics arose.
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Plate tectonics may have played a larger role in the evolution of life on Earth than we previously thought. Andrzej Wojcicki/Science Photo Libary/Getty Images
Women have endured critiques over their appearance since their entry into public spaces. But since Vice President Kamala Harris’s loss in the United States presidential election, criticism of women and their bodies has become even more explicit and misogynistic. The goal is to tell women to “get back in the kitchen” at home and stay out of the public domain. Combatting this bias against women is more important than ever, as disapproval of women’s appearance and bodies still happens to women at work every day in subtle and overt ways.
When one professional worked at a public relations agency, the male chief executive officer told her to “help the receptionist lose some weight.” He considered the female receptionist’s “sloppy appearance” a bad first impression to people coming into the office. Another professional worked in an organization where there were plenty of women in director roles, but almost all were “thin, blonde, white, [and] usually tall as well.”
Yet being attractive may not be an advantage either. Colleagues told a scientist that she was “too cute to be taken seriously” and that she “must struggle to convey [her] intellect.” In another case, the female
supervisors of a social worker were concerned that she was too distracting to male clients. The social worker felt she was to blame. So, she dressed very conservatively and gained weight to “make [herself] less attractive.”
Lookism, also known as pretty privilege, explains that physically attractive people have advantages in the workplace. While research on this beauty advantage exists, it does not sufficiently address differences between women and men. Like so many workplace generalizations, what is true for men is not necessarily true for women. Not only do women perceived as unattractive encounter workplace disadvantages, but attractive women do as well. In fact, women are criticized for their appearance no matter how they look. The femaleness of their body stands out, considered abnormal in a traditionally male space.
Through our research of 913 women leaders, social media posts, articles, and our own experiences, we found myriad ways that women’s appearance at work is “never quite right.”
‘The impossible tightrope of looking good but not too good at work’
Women walk a fine line when it comes to clothing at work. A health services researcher noted that some women were criticized for dressing “too sexy” while others were deemed “too sloppy.” She called it “the impossible tightrope of looking good but not too good at work!” One woman working a $30,000 per year job was told she needed to purchase a new wardrobe because her clothing was not “professional enough.” She said, “With what money am I to purchase professional attire?”
Lending money to a friend or family member can put a strain on the relationship if you’re not careful.
Nearly a quarter of people who lent money or covered a group expense with the expectation of being paid back say doing so negatively impacted their relationship with the other party, Bankrate’s 2024 financial taboos survey found.
While a common rule of thumb is to simply not expect to receive the money back after loaning it out, there’s another way to navigate this dilemma without going bankrupt yourself: Set boundaries and clearly communicate them.
“Decide if you can afford to give them the money and if you can’t, you may not really be in a position to help,” Aja Evans, a board-certified therapist who specializes in financial therapy, tells CNBC Make It. “You cannot potentially sink your own ship to bail out someone else.”
That’s not to say having that conversation is easy, Evans says. Often, close friends or family members may be aware of the things you’re spending money on, like clothes or vacations, and make judgements about what you can or can’t afford.
But it’s important to remind yourself that no one knows your money better than you, Evans says. “Just because you have it in your account doesn’t mean you can give it,” she says. “Especially if you know other bills are coming.”
Here’s an example of a healthy boundary you can set when asked to loan money and how to navigate the potential guilt that may come if you say no.
Give what you can afford
Directly saying no when a friend or family member asks for money can be hard, especially if you’ve loaned them money in the past. That’s why it’s OK to start small, Evans says.
One way to do that is by lending what you can afford, even if it’s less than they’ve requested, she says. Say a friend asks to borrow $100, but you know giving them the full amount would significantly impact your budget. Try offering an amount that is more feasible for you, such as $20 or $30.
And while you don’t necessarily owe them an explanation for why you can’t give them the full amount they’ve requested, it can be helpful to honestly communicate the other financial obligations you’re managing, Evans says.
“That’s a healthy boundary because, while you may not be able to give all of what they want, you’re giving what you can without sinking your own ship,” she says.
It’s OK to feel guilty
It’s common to feel guilty after refusing to lend money to a friend or family member, even if you’re proud of yourself for setting the boundary, Evans says. To deal with the guilt, it can be helpful to write down your financial boundaries and the reasons you’re setting them.
No part of our body is as perishable as the brain. Within minutes of losing its supply of blood and oxygen, our delicate neurological machinery begins to suffer irreversible damage. The brain is our most energy-greedy organ, and in the hours after death, its enzymes typically devour it from within. As cellular membranes rupture, the brain liquifies. Within days, microbes may consume the remnants in the stinky process of putrefaction. In a few years, the skull becomes just an empty cavity.
In some cases, however, brains outlast all other soft tissues and remain intact for hundreds or thousands of years. Archaeologists have been mystified to discover naturally preserved brains in ancient graveyards, tombs, mass graves, and even shipwrecks. Scientists at the University of Oxford published a study earlier this year that revealed that such brains are more common than previously recognized. By surveying centuries of scientific literature, researchers counted more than 4,400 cases of preserved brains that were up to 12,000 years old.
“The brain just decays super quickly, and it’s really weird that we find it preserved,” says Alexandra Morton-Hayward, a molecular scientist at Oxford and lead author of the new study. “My overarching question is: Why on Earth is this possible? Why is it happening in the brain and no other organ?”
Such unusual preservation involves the “misfolding” of proteins—the cellular building blocks—and bears intriguing similarities to the pathologies that cause some neurodegenerative conditions.
As every biology student learns, proteins are formed by chains of amino acids strung together like beads on a necklace. Every protein has a unique sequence of amino acids—there are 20 common types in the human body—that determines how it folds into its proper three-dimensional structure. But disturbances in the cellular environment can make folding go awry.
The misfolding and clumping of brain proteins is the underlying cause of dozens of neurodegenerative disorders, including Alzheimer’s disease, Parkinson’s disease, amyotrophic lateral sclerosis (ALS), and the cattle illness bovine spongiform encephalopathy (BSE), also called mad cow disease. Now scientists are discovering that some misfolded proteins also can form clumps after death—and persist for hundreds or thousands of years.
Only in recent years have scientists begun to seriously investigate these bizarre cases. A big breakthrough occurred in 2008 when archaeologists discovered the 2,500-year-old skull of a man who had been hanged, decapitated, and dumped into an irrigation channel in Heslington, England. All other soft tissue had long since vanished, but investigators were stunned to find that the skull still contained a shrunken brain.
A team of neuroscientists at University College London analyzed the ancient brain with a chemical analysis technique known as liquid chromatography–mass spectrometry and identified nearly 800 preserved proteins—the most ever discovered in an archaeological specimen. They concluded the ancient brain was preserved by the aggregation of proteins.
When Protein Folding Goes Wrong
In living organisms, protein folding is very context-dependent, and disturbances in the cellular environment can make it to go astray.
A classic example is egg white. Normally, it is a transparent liquid, but when conditions change—as when an egg is fried or boiled—its proteins unravel, become entangled, and form clumps. “That’s an aggregate,” says Ulrich Hartl, a leading researcher of protein-folding diseases at the Max Planck Institute of Biochemistry in Martinsried, Germany. “The same thing happens in your brain at a microscopic level.” Many diseases share a similar underlying mechanism: the protein abandons its healthy native state, unfurls, and becomes entangled in a jumbled mass with other misfolded proteins.
In diseases, the misfolded version becomes the protein’s most thermodynamically stable state, often making the aggregations irreversible. Hartl says he would not be surprised if a similar mechanism lay behind ancient brain preservation. “It’s fascinating that the brain can be preserved for such a long time after death,” he says. “The question of interest for me is: Does this reflect, in any way, what is going on during neurodegeneration?”
Enduring Brains
The discovery of the Heslington brain stimulated new research into brain preservation. The epicenter of this effort is the University of Oxford, and its lead investigator is Morton-Hayward, a former mortician turned molecular scientist. Now a Ph.D. candidate, she has gathered the world’s largest collection of ancient brains—more than 600 specimens up to 8,000 years old from locales such as the U.K., Belgium, Sweden, the U.S. and Peru—and she is analyzing how they were preserved. (The specimens were collected in accordance with Oxford’s research ethics guidelines.)
To understand why these brains haven’t decayed, Morton-Hayward has peered at ancient brain tissue with powerful microscopes. She has placed mouse brains in jars of water or sediment to measure how they decompose over time. She has employed mass spectrometry to identify the proteins and amino acids that persist in the ancient brains. She has identified more than 400 preserved proteins. (The most abundant of these is myelin basic protein, which helps form the insulating sheath on our neural wiring.) She has sliced up ancient brain tissues and taken the samples to the Diamond Light Source synchrotron (the U.K.’s national particle accelerator) to pummel them with electrons traveling at almost the speed of light to understand the metals, minerals and molecules involved in the preservation process.
Bodies can avoid decomposition via embalming, freezing, tanning, or dehydration, but Morton-Hayward focuses on cases where brains are the only soft tissues remaining. Typically, the preserved brains come from waterlogged, low-oxygen burial environments such as low-lying graveyards or, in the case of the Heslington brain, an irrigation ditch. Human brains are composed of about 80 percent water, and the rest is roughly divided between proteins and lipids (fatty, waxy or oily compounds that are insoluble in water). The Oxford researchers suspect that this unique chemistry makes neural tissue especially amenable to preservation.
Former President Donald Trump’s social media company outsourced jobs to workers in Mexico even as Trump publicly railed against outsourcing on the campaign trail and threatened heavy tariffs on companies that send jobs south of the border.
The firm’s use of workers in Mexico was confirmed by a spokesperson for Trump
Media, which operates the Truth Social platform. The workers were hired through another entity to code and perform other technical duties, according to a person with knowledge of Trump Media. The reliance on foreign labor was met with outrage among the company’s own staff, who accused its leadership of betraying their “America First” ideals, the person said.
The outsourcing to Mexico helped prompt a recent whistleblower letter from staff to Trump Media’s board that has been roiling the company.
That complaint, reported by ProPublica last month, calls for the board to fire CEO Devin Nunes, a former Republican congressman. The letter alleges he has “severely” mismanaged the company. It also asserts the company is hiring “America Last” — with Nunes imposing a directive to hire only foreign contractors at the expense of “American workers who are deeply committed to our mission.”
“This approach not only contradicts the America First principles we stand for but also raises concerns about the quality, dedication, and alignment of our workforce with our core values,” the complaint reads.
A Trump Media spokesperson said the company uses “two individual workers” in Mexico. “Presenting the fact that [Trump Media] works with precisely two specialist contractors in Mexico as some sort of sensational scandal is just the latest in a long line of defamatory conspiracy theories invented by the serial fabricators at ProPublica,” the spokesperson said.
The spokesperson declined to answer other questions about the company’s Mexican contractors, including how much they’ve been paid, how many have been used over time, and how their hiring squares with Trump’s promises to punish firms that send jobs outside of the U.S. The Trump campaign did not respond to questions.
For a company of its prominence, Trump Media has a tiny permanent staff, employing just a few dozen people as of the end of last year, only a portion of whom work on the Truth Social technology.
Trump Media’s hiring of Mexican coders also prompted frustration within the staff, the person with knowledge of the company said, because they were perceived by staff to not have the technical expertise to do the work.
On its homepage, Truth Social bills itself as “Proudly made in the United States of America. 🇺🇸”
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Trump’s social media company outsourced jobs to workers in Mexico even as the former president publicly railed against outsourcing on the campaign trail and threatened to levy heavy tariffs on businesses that send jobs south of the border.Credit: Adam Gray/Bloomberg via Getty Images
From the sunlit top 200 meters of the sea, plankton carcasses, excrement, and molt particles constantly drift toward the depths. As this so-called marine snow sinks, the bits can clump together or break apart, gain speed or sink more slowly, or get eaten up by bacteria. They descend through darker, colder, and denser waters, carrying carbon with them and settling on the bottom as biomass.
The oceans absorb billions of tons of carbon every year, a process crucial to account for in climate models. But researchers have long been stumped by how much carbon actually reaches the seafloor—and stays there. To find out, oceanographers are investigating how carbon is eaten, expelled, and otherwise influenced as it drifts through what some scientists think of as the ocean’s “digestive system.”
Measuring the rate of carbon storage means scrutinizing the composition of what sinks, how particles stick together and thus drop faster or slower, the decelerating effects of mucus-producing phytoplankton—and even, for a new study published in Science, specific microbes’ dietary preferences.
“We currently do not have a very good way to connect the processes at the surface with what’s arriving at the seafloor,” says Monterey Bay Aquarium Research Institute oceanographer Colleen Durkin. “We know they’re linked, but it’s been very difficult to observe the mechanisms that drive that connection.”
Recent advances in sensor development, imaging, and DNA sequencing are now giving researchers a closer look at the particular organisms and processes at work. By isolating and testing bacterial populations in marine snow, the study’s co-author Benjamin Van Mooy, a researcher at Woods Hole Oceanographic Institution, and his colleagues found that specific microbe populations prefer to eat phytoplankton that contain specific kinds of fatty acid biomolecules called lipids.
Lipids constitute up to 30 percent of the particulate organic matter at the ocean’s surface, so bacterial dietary preferences in a given region could significantly alter how much carbon-containing biomass reaches the seafloor. “If we can start to understand what [microbes] can do, then we can imagine a future where we can start to predict, potentially, the fate of carbon based on the organisms that are present,” says Van Mooy, who was awarded a MacArthur Fellowship in 2024 for his work.
Scientists are also working to document what falls through particular locations over various time frames. Sediment traps reveal a snapshot of certain areas’ marine snow, and Durkin and others are deploying sensors with autonomous cameras to observe sinking particles over a longer period. Seeing the complexity of marine snow distribution, says Rutgers University microbial oceanographer Kay Bidle, “reveals how we can’t necessarily model and understand carbon flux by the very simple constructs and equations and laws that we had before.”
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Carbon falls as “marine snow” through ocean layers. Ippei Naoi/Getty Images
The typical American retires far earlier than he or she expects to, and it’s often not by choice, according to new research from the Transamerica Center for Retirement Studies.
The median retirement age in the U.S. is 62, with nearly six in 10 retirees telling the research firm that they stepped back from the workforce earlier than they had planned. Almost half of those people said the reason came down to health issues, such as physical limitations or disability. Losing a job or an organizational change at their employer were among the other reasons people stopped working before they planned to retire.
“Financially precarious”
The findings underscore the fragility of retirement in the U.S., with older Americans often finding themselves retired before they’re financially ready to call it quits. And with many people outliving earlier generations — the typical respondent told Transamerica they believe they’ll live to age 90 — they’re also facing the prospect of supporting themselves financially for several decades in retirement, which can easily stretch or even exhaust their savings.
“Many of them are financially precarious — if they were to have some sort of major financial shock or their health would decline and needed long-term care, they would have a hard time affording it,” Catherine Collinson, CEO and president of the Transamerica Center for Retirement Studies, told CBS MoneyWatch.
The research backs up previous research about the typical retirement age, with the nonprofit Employee Benefit Research Institute finding earlier this year that the median retirement age for Americans is 62. That underscores a gap between retirement plans and reality, with business leaders and policy experts often urging Americans to work longer so they can save more for their old age — a strategy that often doesn’t unfold as envisioned.
Retirees forced to leave their jobs earlier than planned is a “cautionary tale for people currently in the workforce,” Collinson said.
People should actively maintain their health and keep their skills up to date, while also educating themselves about retirement and financial planning, as well as socking away savings, she noted.
Why Americans claim Social Security early
Retiring before a person expects may explain why millions of Americans claim Social Security before they reach their “full retirement age,” or the age at which they are entitled to their full benefits.
Retirement experts generally urge Americans to hold off on claiming Social Security as long as possible because of the financial benefits of waiting. Workers can file for the retirement benefit as early as age 62, but the tradeoff is a roughly 30% reduction in their monthly checks compared with waiting until full retirement age, which is either 66 or 67 depending on one’s birth year.
But the median age when Americans claim Social Security benefits is 63, Transamerica found in its survey of more than 2,400 retirees. That means many older Americans are locking themselves into permanently lower monthly checks throughout their retirement.
On the flip side, waiting until age 70 to collect Social Security — the maximum age to claim benefits — provides a boost of more than 30% to one’s monthly benefits. Despite that incentive, Transamerica found that only 4% of retirees wait until 70 to file for their benefits.
“One of the most important things they can do is fully understand their benefits, and if they have any options to stretch out those benefits,” Collinson said. “If it’s a spousal situation, maybe if they need the income, one claims first and the other later, or if they can jump back in the workforce and hit the pause button on Social Security and get more income.”
Film and Writing Festival for Comedy. Showcasing best of comedy short films at the FEEDBACK Film Festival. Plus, showcasing best of comedy novels, short stories, poems, screenplays (TV, short, feature) at the festival performed by professional actors.
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