Group suggests retirement age increases to 67 - Fox29 WFLX TV, West Palm Beach, Florida-

Group suggests retirement age increases to 67

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(WFLX) - Sixty-seven could be the new 65 when it comes to retirement -- which means the life-long vacation may be further away than you think.

The Organization for Economic Cooperation and Development says by 2050, the average man will live 20 years past retirement age -- up from 17 years in 2010. The average woman will live 24 years more.

The group suggests governments raise the retirement age to keep up with Social Security costs. It's scheduled to reach 67 in 2022.

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