Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please summarize these paragraph with simple way. What is an Early Retirement? There is no official measure of early retirement. However, when we talk about

Please summarize these paragraph with simple way.

What is an Early Retirement?

There is no official measure of early retirement. However, when we talk about an early retirement we generally mean that you have stopped working before the age of 65 and the image of carefree 55-year-olds on the golf course comes to mind.

Pre pandemic, the popularity of early retirement was waning. More people were continuing to work after 55, 65 and even 75.

The trend has reversed. As of the third quarter of 2021, 50.3% of U.S. adults 55 and older said they were out of the labor force due to retirement, according to a Pew Research Center analysis of the most recent official labor force data.

This is a modest, but notable increase in retirement.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Reforming The Governance Of The Financial Sector

Authors: David Mayes , Geoffrey Wood

1st Edition

0415686849, 978-0415686846

More Books

Students also viewed these Finance questions