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Sounds more like people retire somewhat early - for 25-54yo labor force participation near all time high: https://fred.stlouisfed.org/series/LNS11300060 https:/
by crossbody 4mo ago
Sounds more like people retire somewhat early - for 25-54yo labor force participation near all time high: https://fred.stlouisfed.org/series/LNS11300060 https://fred.stlouisfed.org/series/LNS11300060
And here is one for 55+yo: https://fred.stlouisfed.org/series/LNS11324230 https://fred.stlouisfed.org/series/LNS11324230
All is fine
- arealaccount 4mo ago> However, in June the biggest plunge came from what is defined as “prime age” workers, or those between the ages of 25 and 54. That rate fell 0.6 percentage point to 83.3%, its lowest since December 2023. It's great how two sources can tell a completely different story about the same numbers.
- gruez 4mo ago>>its lowest since December 2023. That should already make you skeptical, and after looking at the chart, I'm more on side "all is fine" than the doom narrative the article is pushing.
- jjk166 4mo agoIn other news, June worst full month since May.
- cute_boi 4mo agoAdditionally these number aren't trust worthy. Many time these number don't include full data like NEET and are manipulated so much etc..
- mwwaters 4mo agoThe first FRED link shows how noisy that subgroup is. It’s bounced around with 83-84% during that time. It was 83.8% in March and 83.5% through much of 2024.
- tootie 4mo agoPrime age is meant to filter college kids and retirees which makes sense but it is likely hiding the minor crisis in hiring for college grads. But I agree it's not disastrous just a yellow flag. The 20 year bull market has minted a lot of millionaires amongst the upper middle class and a lot of them are retiring early.
- ghaff 4mo agoThere's nothing wrong with retiring a few years early if you're comfortable doing so. I sorta did. On the other hand, I didn't really want to hang around too long after either.
- jjk166 4mo agoThe 20-24 year olds seem to be at roughly the same point as since the great recession. https://fred.stlouisfed.org/series/LNS11300036 https://fred.stlouisfed.org/series/LNS11300036 Worth noting this is people who have a job, it includes the under-employed.
- mothballed 4mo ago55+ crushing it on the asset inflation mania they got at ~zero interest, the youngins left holding the bag of the inflationary cost renting out houses their seniors got negative real interest mortgages for.
- bayarearefugee 4mo ago> 55+ crushing it on the asset inflation mania Not all of them, some of them have just been pushed out of the workforce unwillingly due to ageism while still financially insecure. I'm all about people being angry with the current situation and pushing for class war, but blanket assumptions about any demographic, including those of a certain age, is not helpful.
- Avicebron 4mo agoSure, 55+ and on the fringes are welcome in the tent. We need more people angry and vocal about it.
- lifestyleguru 4mo agoI think you are grossly overestimating the number of people >55 years old who free willingly retire early because of having enough new worth. Already millenials' CVs are written off in recruitment pipelines.
- titanomachy 4mo ago> millenials' CVs are written off in recruitment pipelines I think you've got something wrong here, "millennials" refers to people currently between 30 and 45 and are surely the least likely to be discriminated based on either age or inexperience.
- lifestyleguru 4mo agoYes I mean this age group.
- titanomachy 4mo agoSo you’re saying that even millennials are being rejected? Rather than this age group in particular being more likely to be rejected?
- lifestyleguru 4mo agoyou're too old to apply already starting at the age around 35
- deleted 4mo ago[deleted]
- Avicebron 4mo agoOr they hit that sweet spot of being old enough to have commitments so they can't be a fresh grad slave and young enough to not have benefitted when the getting was good and easy and so they are discriminated against.
- 0x20cowboy 4mo agoI suppose it’s in how you word it. I’ve given up on trying to get a job because there is no point in trying. I can’t afford to pay my rent, but I guess you could call that early retirement.
- cherryteastain 4mo agoPoint of labor participation is that it's independent of whether you want to be employed or not.
- overfeed 4mo agoYou and gp agree that characterizing non-paticipation as (voluntary) "early retirement" is unsupported.
- Obscurity4340 4mo agoThat sounds kinda pointless unless the point of the stats is to make the State and Enterprise look good and justify cuts to non-corporate WELFARE
- nativeit 4mo agoDing ding ding!
- mothballed 4mo agoIf you can stomach it, the seafood canning and fishing industry in Alaska will usually (IDK what the situation is this year) hire anyone off the street, work them 16 hours a day for several months, and give them "free housing." You'll get dumped back in Seattle in several months with at least $10k in your pocket. Edit: genuinely perplexed on the response. This saved my ass one winter when I had nothing for rent.
- t-writescode 4mo agoI thought the fishing industry paid … way more than 10k / 3 months. Color me surprised o.O
- jjk166 4mo agoIt's likely not even people retiring early, just demographics shifting up the ages. The youngest baby boomers are 61. The percentage of Americans over the age of 60 increased from 22.8% in 2020 to 25% in 2025. Also the younger cohorts moving into the labor force are smaller as well. https://www.populationpyramid.net/united-states-of-america/2025/ https://www.populationpyramid.net/united-states-of-america/2...
- gilrain 4mo agoI did retire somewhat early but also somewhat involuntarily and only after a somewhat fruitless search.
- AaronAPU 4mo agoI consider myself to have retired at age 41 in hindsight, because a job never materialized and I also found that apparently I didn’t really need one.
- Obscurity4340 4mo agoIts so important to know your outcome (in financial terms)
- TuringNYC 4mo ago> Sounds more like people retire somewhat early I know many ex-colleagues who have been retired early -- they face age discrimination and cannot find work.
- kokonuts 4mo ago> All is fine An aging population means 25-54 represent less workers and people "retiring" from the labor force before social security age is likely to be deeply negative for their finances into old age and not just a decision from the relative luxury of being able to select jobs with quick vesting pensions like in past decades. If pension ages were going down over the years and the average worker were well vested by 55 then in that reality all would be fine.
- himata4113 4mo ago"retired" at 25-30 is also pretty common, or at minimum self employed and fully sustainable while putting in only 10-20 hours a week usually for 2-3 days a week.
- Arainach 4mo agoCitation very much needed. Actually, it's not because we have the employment statistics to show that this isn't common at all.
- throwaway27448 4mo agoOnly if you view jobs as fungible, which they are obviously not.
- root-parent 4mo agoLet them eat Gpu's