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Data: New York Fed. Chart: Axios Visuals |
Axios - Americans don't want to work past the traditional retirement age of 65. In fact, we increasingly don't intend to work past 62. The pandemic was a pointed reminder that we only live once. Millions of workers seem to have taken that lesson to heart... New York Fed researchers found that since March 2020, the number of years Americans who expect to continue working has plunged by 9.5%... Thank the long bull market in stocks and housing, which has made 60- to 70-year-olds richer than ever — and able to afford retirement.Less happily, millions of Americans found themselves forced into retirement after 2020 by ill health — a phenomenon that contributed to the subsequent labor shortage.
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