In fact............
The retirement age of 65 was established primarily due to historical influences from Germany, where it was initially set at 70 before being lowered to 65 in 1916. This change was influenced by the need to adapt to the prevailing retirement standards and the actuarial studies that showed using age 65 was more manageable for our Social Security system. The decision to adopt age 65 as the standard retirement age in the U.S. was also influenced by the Great Depression, as many people were struggling to find employment and needed a reliable source of income.
