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 />Each month since July, 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 don't intend to return to work. "<br />Part of it is a job quality shortage." Aaron Sojourner, labor economist, University of Minnesota's Carlson School of Management, 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 />"We already saw a large 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 />"I think a lot of the narratives imagine prime-age workers as being missing, but it actually skews much older." Aaron Sojourner, labor economist University of Minnesota's Carlson School of Management, via CNN Business.
