Americans are retiring later, dying sooner

The U.S. retirement age is rising as the government pushes it higher and workers stay in careers longer.

But life spans aren’t necessarily extending to offer equal time on the beach. Data released last week suggest Americans’ health is declining and millions of middle-age workers face the prospect of shorter, and less active, retirements than their parents enjoyed.

The age-adjusted mortality rate in the U.S. rose 1.2 percent from 2014 to 2015, according to the Society of Actuaries. That’s the first year-over-year increase since 2005, and only the second rise greater than 1 percent since 1980.

At the same time that Americans’ life expectancy is stalling, public policy and career tracks mean millions of U.S. workers are waiting longer to call it quits.

Almost one in three Americans age 65 to 69 is still working, along with almost one in five in their early 70s.

Americans in their late 50s already have more serious health problems than people at the same ages did 10 to 15 years ago.

University of Michigan economists HwaJung Choi and Robert Schoeni used survey data to compare middle-age Americans’ health. A key measure is whether people have trouble with an “activity of daily living,” such as walking across a room, dressing and bathing themselves, eating, or getting in or out of bed.

The study showed the number of middle-age Americans with ADL limitations has jumped: 12.5 percent of Americans at the current retirement age of 66 had an ADL limitation in their late 50s, up from 8.8 percent for people with a retirement age of 65.