✉news BusinessMarkets first seen 5 d ago, last 5 d ago, peak #20

Rising stock market is luring older American workers into early retirement

Original: A side-effect of a surging stock market: More boomer and Gen X workers are exiting the labor force

The surging US stock market is prompting more baby boomer and Gen X workers to leave the labor force, as rising portfolio values give older Americans the financial confidence to retire earlier than planned. The trend adds to concerns about a shrinking pool of available workers and could have implications for labor supply, wage pressures and the broader economy.

Why now: Markets are rallying, and commentators are flagging the knock-on effect of wealth gains on retirement decisions and labor supply.

baby boomersGeneration XUS labor marketUS stock market

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Evidence

• A side-effect of a surging stock market: More boomer and Gen X workers are exiting the labor force · Business Insider

API: https://socialmediatrends-api.osmike.com/v1/trends/1363537