A record number of Americans are reaching retirement age this year, and questions have arisen about whether U.S. cities are prepared for the growing demand on housing, health care, transportation, and local finances. For some retirees, those pressures are already shaping life decisions.
The nation entered a historical retirement surge in 2024: More than 4.1 million Americans turned 65, the traditional retirement age, according to research from the Alliance for Lifetime Income. The report also noted that through 2027, the number of Americans turning 65 each year will exceed 4.1 million.
