Older Americans Are Leaving , the Labor Force at an Alarming Rate.<br />CNN reports the COVID-19 pandemic has accelerated retirement for many Americans.<br />CNN reports the COVID-19 pandemic has accelerated retirement for many Americans.<br />Each month since July, <br />over 4 million Americans quit their jobs.<br />According to research conducted by Goldman Sachs, almost 70% of those who quit jobs during the pandemic were 55 or older.<br />Experts worry that many of them <br />don't intend to return to work.<br />Part of it is a <br />job quality shortage. , Aaron Sojourner, labor economist, <br />University of Minnesota's <br />Carlson School of Management, <br />via CNN Business.<br />Part of it is a <br />job quality shortage. , Aaron Sojourner, labor economist, <br />University of Minnesota's <br />Carlson School of Management, <br />via CNN Business.<br />Economists say early retirement among high-income earners may stem from the inflated price of real estate and the strong stock market.<br />Economists say early retirement among high-income earners may stem from the inflated price of real estate and the strong stock market.<br />We already saw a large <br />portion of the Boomer workforce retiring. And they're in a better position now. , Nela Richardson, Chief Economist ADP, via CNN Business.<br />In November, 3.6 million people who had quit the labor force said they weren't looking for a new job.<br />90% of those who had given up looking for new work were aged 55 and older.<br />90% of those who had given up looking for new work were aged 55 and older.<br />I think a lot of the narratives imagine prime-age workers as being missing, but it actually skews much older. , Aaron Sojourner, labor economist <br />University of Minnesota's <br />Carlson School of Management, <br />via CNN Business.<br />I think a lot of the narratives imagine prime-age workers as being missing, but it actually skews much older. , Aaron Sojourner, labor economist <br />University of Minnesota's <br />Carlson School of Management, <br />via CNN Business
