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So when claiming your standard deduction for 2023, you can take a higher standard deduction amount if you were born before Jan. 2, 1959. Also: The Average Retirement Age in 2023 in the US vs Canada.
In some countries, one's year of birth determines their age of retirement. For example, in the United States as of 2024, while a person born before 1955 can retire with social security benefits at the age of 66, those born after 1959 must be 67. Each year between 1955 and 1959 adds 2 months. [13]
January 22, 2025 at 8:00 AM. ... Those who apply even earlier lose another 5/12 of 1% per month. So those born in 1959 who claimed Social Security immediately at 62 get 29.2% less per check ...
A significant degree of consensus exists around the date range of the baby boomer cohort, with the generation considered to cover those born from 1946 to 1964 by various organizations such as the Merriam-Webster Online Dictionary, [27] Pew Research Center, [28] U.S. Bureau of Labor Statistics, [29] [30] Federal Reserve Board, [31] Australian ...
Generation Jones is the generation or social cohort between the Baby Boom generation and Generation X.The term was coined by American cultural commentator Jonathan Pontell, who argues that the term refers to a full distinct generation born from 1954 to 1965. [1]
The participants were born between 1911 and 1974 and entered the survey at ages 40 to 85. The people studied reported their perceptions of old age up to eight times over 25 years.
Generation X (often shortened to Gen X) is the demographic cohort following the Baby Boomers and preceding Millennials.Researchers and popular media often use the mid-1960s as its starting birth years and the late 1970s as its ending birth years, with the generation generally defined as people born from 1965 to 1980.
February 5, 2025 at 7:00 AM. GetUpStudio / iStock.com. Many retirees have an idea of what age they want to start claiming Social Security. George C., now 77, started claiming his at 65.