4 ms·
Retiring because you’re rich enough to not work is a great thing. But don’t fool yourself - that’s not why millions of people permanently left the workforce.
by nostromo 4y ago
Retiring because you’re rich enough to not work is a great thing. But don’t fool yourself - that’s not why millions of people permanently left the workforce.
Thankfully you’re right and it has seemed to recover a lot of ground since ~2016.
- dragonwriter 4y ago> But don’t fool yourself - that’s not why millions of people permanently left the workforce. If the working age LFPR drop wasn’t a combination of earlier retirement for both men and women who did well in the strong aggregate economy of the the 90s boom and men doing more higher education, why are the big drops of working age LFPR in the period it was dropping: (1) A big drop in men at the youngest age bracket included (25-34), that is not reflected a decade later in the 35-44 group, and (2) A smaller drop in both men and women in the oldest age category of the “working age” group (45-54).