4 ms·
80% of those deaths are of people retirement age and older[1], only ~130,000 working age Americans have died of COVID. That's significant, but definitely doesn'
by bb611 5y ago
80% of those deaths are of people retirement age and older[1], only ~130,000 working age Americans have died of COVID. That's significant, but definitely doesn't explain the extent of worker shortages we're seeing. There are a lot of things going on, but some of them might be there are many people who are now simply willing and able to not work, because that's what they had to figure out during COVID lockdowns.
1 - https://www.cdc.gov/nchs/covid19/mortality-overview.htm https://www.cdc.gov/nchs/covid19/mortality-overview.htm
- dragonwriter 5y ago> 80% of those deaths are of people retirement age and older No, 80% of them were 65 and older. For people who are 65 this year, full retirement age (as defined by Social Security) is 66 years, 4 months. And lots of people aren't able, financially, to retire ar “full" retirement age.
- bb611 5y agoSocial Security eligibility contributes to retirement age, but real average retirement age is ~64: https://www.sofi.com/learn/content/average-retirement-age/ https://www.sofi.com/learn/content/average-retirement-age/ Many people who are retired can't financially afford to retire, but are more willing to make changes in their consumption habits than go back to work.