In the coming decade, retirement benefits for the average American will change. Simple math dictates it: More than 9,000 Americans reach the retirement age of 65 every day, and they will need more money in retirement because people are living longer, healthier lives.
One number sums up the nature of the challenge facing the aging Americans and our government in Washington. According to the Urban Institute, in 2010, there were 0.25 adults age 65 and older for every adult aged 25 to 65. That ratio will almost double to 0.48 by 2060.