Older Workers Are Retiring in Greater Numbers

  • Retirements were much more common among older white women without college education.
  • Male workers were less likely to be retired than their female counterparts.
  • Black, Hispanic, and Native American workers were less likely to be retired than their white peers of similar ages.
  • Workers who were married or widowed were more likely to be retired than their single peers who have never been married.
  • Workers with at least some college education were less likely to be retired than their peers with a high school diploma or less education.
  • As household income increases, the likelihood of retirement declines.
  • Veterans were more likely to be retired versus nonveterans.
  • Rates of anxiety were significantly lower among retirees relative to their similarly aged peers still in the labor force, which may reflect the fear of the virus for older workers.

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Author of ‘New Rules for Women: Revolutionizing the Way Women Work Together', OD Consultant, Keynote Speaker, and Workshop Trainer

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Anne Litwin

Anne Litwin

Author of ‘New Rules for Women: Revolutionizing the Way Women Work Together', OD Consultant, Keynote Speaker, and Workshop Trainer