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The pandemic pushed many into retirement early and unprepared

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40% over 50 would not have retired or considered retiring

AARP research found that two in five workers, or forty percent of those aged 50 or older would not have retired, left a job, or even considered retiring had it not been for the coronavirus or COVID-19 pandemic. By October 2021actual retirements jumped seven percent higher than January 2020. 

Analysts at the Federal Reserve Bank of St. Louis discovered that the rate of retirements during the pandemic exceeded anticipated retirements among the baby boomers. By August 2021 there were over 2.4 million more retirements than anticipated. 

Call it the great resignation or a natural result of a worldwide pandemic. Either way, you slice it…

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