Type of Content: News
Subtype: Newspaper or Magazine Article
Resource Title: Growing Number of Americans Are Facing Early Retirement
Publication Title: US News
Publish Date: November 30, 2020
A report from the Schwartz Center for Economic Policy Analysis at The New School found that 2.9 million workers ages 55 to 70 have left the labor force since March.
“These workers are at risk of having to retire involuntarily due to increased health risks coupled with decreased job prospects,” according to the study.
Researchers note that if these exits continued at the same pace over the ensuing three months, an additional 1.1 million workers in this age group may leave the workforce. That would be a total of 4 million people potentially pushed into retirement due to the pandemic’s related economic downturn.
Resource URL: https://bit.ly/3a9AVP5