A whopping four million Americans are expected to turn 65 every year for the next four years, leading to ripple effects across the economy due to demographic changes.
11,200 Americans will turn 65 daily through 2027, up from 10,000 per day over the past decade, indicating a significant demographic shift known as 'Peak 65' with potential implications on workforce and job market.
Employers are facing challenges as more older workers retire than younger ones entering the workforce, which could lead to a surplus of job openings and potential salary increases as companies compete for talent.
Industries like healthcare, government, and education, where a significant number of older workers are present, will be particularly impacted by the retirement wave, creating opportunities for younger workers to maximize their career prospects and earnings.
Collection
[
|
...
]