More workers look to retire early, Fed survey

Half of workers (50.1%) polled by the New York Federal Reserve said they expect to keep working beyond age 62. The Fed noted the total is down 2% from a year ago. The number of workers expecting to work longer than age 67 also declined. Researchers noted that about 10% of workers have enough saved to retire early. In addition, many workers over age 55 experienced employment changes in 2020, either by resignation or layoff. Nearly half of those over the age of 55 seeking jobs were long-term unemployed. (AARP)

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