Tag: unemployment
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…
The brief’s key findings are: Before the virus, half of households were at risk of falling short in retirement. The virus-related surge in unemployment has likely increased the share of households at risk from 50 percent to 55 percent. And this increase does not capture the impact of lower asset prices and interest rates. In…
