Type of Content: News

Subtype: Newspaper or Magazine Article

Resource Title: Why Working Till Whenever Is a Risky Retirement Strategy

Publication Title: New York Times

Publish Date: May 16, 2019

“But counting on working longer to make a retirement plan work is fraught with risk — even during times when the labor market is healthy. The unemployment rate for workers 55 and older in April was just 2.6 percent, according to the Department of Labor — a full percentage point lower than the overall unemployment rate. But long-term unemployment is higher for older workers: 26.6 percent had been out of work 27 weeks or more last month, compared with 22.2 percent of all workers.”

 

Why Working Till Whenever Is a Risky Retirement Strategy