Retiring at 62 costs the average American $250,000. Here’s the math (and the neuroscience) that explain why

Retiring at 62 instead of 67 costs the average American $250,000 over their lifetime due to reduced Social Security benefits, increased longevity risk, and cognitive decline. The retirement age of 65 originated in 1889 with Germany’s pension system and was adopted by the U.S. in 1935, but modern life expectancy now makes it financially risky.