Americans' Retirement Plans Shift Amidst COVID-19 Pandemic
Thursday, 9 May 2024, 15:20
Americans Plan to Retire Early Due to COVID-19
The New York Fed reports that despite longer life expectancy, Americans are rethinking retirement due to the impact of COVID-19. This shift in retirement expectations is likely to have significant implications for the future labor market and economy as a whole.
These changes in retirement plans could potentially lead to a shortage of skilled labor and reshape retirement trends nationwide.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.