For many employees, when they retire is a goal they want to reach on their own terms. Yet often, employers may be forcing their hand.
While the average retirement age is currently 62-years-old, Pew Research found that half of adults 55 and older left the workforce for retirement in 2021. The pandemic has only exacerbated the idea that older workers don’t belong in the workforce — the rate of people who involuntarily retired was ten times higher during the pandemic than in previous years, according to research from the Schwartz Center for Economic Policy Analysis.
