Tag: unemployment
Americans’ retirement outlook has gone from bleak to bleaker. The unemployment caused by COVID-19 has pushed up the share of working-age households not able to afford their current standard of living in retirement from 50 percent to 55 percent, according to a new analysis by the Center for Retirement Research, which sponsors this blog. T…
The answer is “yes.” Reporters repeatedly ask whether COVID-19 will lead to a spike in retirement among older workers. Older workers will face both an economy with high levels of unemployment and a virus that puts them more at risk than their younger counterparts. Thus, they might voluntarily withdraw if unable to work at hom…
