That means half of workers will retire by age 62, and half afterwards. Stated another way, a majority will be retired before age 65: Retire at 65? It’s More Like 62. – WSJ
An earlier retirement occurs even for those who expected to work to age 65 or beyond – why? Many possible reasons.
- Layoffs and the difficulty of finding a new comparable job late in one’s career, leading to unplanned retirement timing. Related: Ageism that basically forces some older workers to quit.
- Health problems making work difficult or impossible
- Reconsidering priorities in life
Regarding the latter, many redefined their outlooks and priorities after the Covid debacle halted life for some time. They have decided that having a life is now a priority, including walking away from jobs that were not satisfying, especially if they could afford to do so.
