A record number of Americans, about 4.1 million, are turning 65 this year, with retirements spiking due to higher stock market returns and increasing asset values. The U.S. has 2.7 million more retirees than predicted, possibly influenced by the stock market boom. IBM's decision to reopen its defined benefit pension plan is seen as a response to workers' retirement concerns and a strategic business move.
"Excess retirements" in the US, the pandemic was quite the turning point "he US recorded 2.7 million more retirees in December than were predicted in models from economists at the St. Louis Federal Reserve" π€ https://t.co/Md8CwfXcNv
The return of the defined benefit pension plan! Read @brookeamasters on IBM's decision to reopen its long-shuttered plan. As well as easing workers' panic about whether they have enough to retire, providing better retirement options makes business sense. https://t.co/ndmzTTegoq
The U.S. has about 2.7 million more retirees than predicted. β’Β Higher stock market returns and increasing asset values appear to be playing a role. https://t.co/2JqmDeChLT https://t.co/sxSCxu30G9
A record number of Americans will turn 65 this year β about 4.1 million β the Wall Street Journal reports from an analysis by Jason Fichtner, chief economist at the Bipartisan Policy Center. https://t.co/xZuIaL4YOB
Retirements spike again as stock market booms https://t.co/pDRF6mfqqN