The U.S. economy, once rooted in agriculture and manufacturing, has evolved into a service- and technology-based economy. Advances in biomedical science have dramatically improved health care. Changes in these and other work-related areas continue to accelerate, but ideas regarding retirement have not kept pace. Despite Americans' ability to live and work longer, their notions of when and how to retire are still influenced by the relatively inflexible policies that governed retirement 50 years ago.
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