What is the main determining factor for whether and when an older adult retires?

Question

Quizplus · Accepted Answer

Financial resources are the main determining factor for whether and when an older adult retires. Factors such as retirement savings, pension plans, and social security benefits play a significant role in an individual's decision to retire. The age of 65 is a commonly recognized retirement age, but it is not necessarily the determining factor for everyone. Whether a spouse retires or making room for younger workers may also influence retirement decisions, but they are not typically the primary determining factor.

What Is the Main Determining Factor for Whether and When