Pandemic pushed an additional 1.7 million Americans into retirement
August 10, 2021 by Stephaniez Asymkos
The pandemic forced more older workers to retire — often before they were ready financially — a new study found, widening the country’s growing retirement inequality gap and leaving certain baby boomers vulnerable to poverty in their golden years.
During the pandemic, an additional 1.7 million Americans retired earlier than what would have been expected during the normal times, according to a recent report from The New School’s Retirement Equity Lab. While the bulk of these retirees were 65 and older, a significant amount were younger, without a college degree, and less financially prepared for the sudden change.