Money Minute: U.S. Retirement Age Rises; More Airline Fees


The average retirement age in the U.S. keeps creeping higher.

A new Gallup poll finds the average age at which Americans retire is now 62. That's the highest it's been since Gallup began keeping track more than 20 years ago, and it's up from an average 59 years old just four years ago. There's also a discrepancy between the age people do retire and the age they say they expect to retire. The average American expects to retire at age 66.

Obesity isn't just a health hazard, it may be considered a disability. A federal judge in Missouri last week rejected an employer's effort to throw out a case alleging that it fired a man because of his weight. According to a legal trade journal, the judge said the man could claim he was disabled under the terms of the Americans With Disabilities Act Amendments of 2008. The actual case has yet to be heard in court, but it could set a precedent for defining a workplace disability.

Airline fees keep piling up. The regional carrier Frontier is the latest to charge for what passengers used to get for free -- placing your luggage in the overhead bins. The cost for using the overhead bins could be as high as $50. Frontier already charges $15 to $75 dollars for checking bags. Frontier is also adding fees for reserving a seat in advance. The airline says these fees will allow it to lower fares. There's no fee yet for using the bathroom.

Here on Wall Street, the Dow Jones industrial average (^DJI) rose 87 points Monday, the Standard & Poor's 500 index (^GPSC) added 6, but the Nasdaq composite (^IXIC) lost a point.

Finally, this may be even better than fantasy football for pigskin fanatics. The start-up firm Fantex is now trading shares of Vernon Davis, the star tight end of the San Francisco 49ers. Investors' success depends upon his economic performance, including salary, bonuses and endorsements. Fantex notes that this first-of-its-kind security is -- in its words -- "highly speculative."

-Produced by Drew Trachtenberg.

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