PHILADELPHIA - At What Age Can Someone Be Considered a Senior Citizen? People usually consider themselves "older" when they reach their 50s; however, becoming officially classified as senior may take longer. Once this label has been placed upon you, various programs, discounts, and benefits are open to you as a senior citizen.
Most Western industrialized nations define seniors as people over 60 or 65. At this age, most retire and can access government assistance tailored to their age; some insurance companies also use this category when setting car premiums.
As people live longer and health care advances, this definition may need to change; researchers are currently exploring methods of increasing human lifespan beyond 120 years.
At age 100 or later, an individual could be considered senior. However, the exact age will likely depend on their country of residence and population size.
Once reaching this milestone age, certain legal matters must be attended to immediately. These include writing a will and designating an executor to manage your estate upon death. Furthermore, planning long-term care and making changes to your financial portfolio, such as withdrawing funds early from retirement accounts without incurring the 10% early withdrawal penalty, are excellent ways to safeguard assets during life's journey.
