How Have Older Workers Fared in the Pandemic-Induced Downturn?
For some income groups, job loss and early retirement have been higher than in the Great Recession.
The economy seems to be turning the corner as vaccination rates rise. But the impact of the pandemic on older workers has been great.
The rates of job loss and premature retirement for workers in their 60s have been steeper than during the Great Recession a decade ago, according to a recent report by the Center for Retirement Research at Boston College. Using Census Bureau data, the report examines job losses and the extent to which they led to outright retirement among older workers.