What is the expected rise in the average retirement age by the year 2000?

The expected rise in the average retirement age by the year 2000 suggests a significant demographic and societal shift regarding retirement patterns. In the context of retirement trends at the time, it was projected that as people live longer, healthier lives, many would choose to work beyond the traditional retirement age, which was generally around 65.

Choosing 70 reflects an understanding of these changing dynamics. For example, increased life expectancy and financial considerations, such as the need for a stable income post-retirement, often encourage individuals to delay retirement. Additionally, shifts in the workforce and changes to pension plans could influence an extended working life.

The other options, while they represent common retirement ages, do not align with the anticipated trends of that period toward longer working lives, which indicated that reaching the age of 70 could become more prevalent as a benchmark for retirement.