Only 46% of workers under 62 now expect to continue working past that age, a declining trend heightened post-pandemic, despite the aging population and less physically demanding jobs.
Since March 2020, Americans' expected years of working have decreased by 9.5%, affecting various demographics. This change may be attributed to a cultural shift in the perception of work's value.
With the median retirement age at 62 and a significant portion leaving the workforce before 65, cultural shifts, health issues, and financial factors like market gains and housing wealth influence retirement decisions.
Forced early retirements due to health problems were common post-2020, contributing to the labor shortage. Choice and necessity play a significant role in the retirement landscape.
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