How Economic Conditions Affect Retirement Decisions

Source: Monique Morrissey, Economic Policy Institute, Snapshot, June 25, 2008

Younger workers struggling to find a job now have something else to worry about: older workers with little choice but to keep working, even in a weak labor market.

The decades-long postwar trend toward earlier retirement reversed itself in the 1990s, as fewer workers found themselves covered by traditional defined-benefit pensions or had access to retiree health care benefits.

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