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21-Nov-2019 05:53

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According to the BLS, there are 25,565,250 full-time workers in the 45-54 age bracket, and only 19,584,500 full-time workers in the 55-64 age bracket.

Many start to leave the workforce when they hit 62 and become eligible for Social Security benefits (though it’s best to max out those benefits by waiting longer to start taking them).

Amelia's work has appeared across the web, including on AOL, CBS News and The Simple Dollar. Originally from Alaska, Amelia now calls Brooklyn home.

Jim Barnash is a Certified Financial Planner with more than four decades of experience.

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This average is for full-time workers, so it doesn’t take into account the many people in this age bracket who drop out of the workforce to begin taking income from Social Security and their retirement savings.

These numbers are for full-time workers in each age set.

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