Planning Briefs
Boomers Working Past Age 65 Are A Surprise Boost
Published Wednesday, January 15, 2020 at: 7:00 AM EST
Americans over age 65 are staying in the labor force more often than expected, brightening the U.S. economic forecast and the outlook for U.S. stocks. Turns out, the offspring of The Greatest Generation, those who served in World War II, deserve some respect, too. Baby boomers are characterized by a strong work ethic, and they are electing to work longer than government experts expected. Boomers are a key reason the economy continues to grow even as the labor market has tightened. The Congressional Budget Office's long-term growth forecast did not count on so many boomers working past age 65. With new...
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