The Pandemic Retirement Surge Increased Retirement Inequality

The Schwartz Center for Economic Policy Analysis's Retirement Equity Lab (ReLab) presented its quarterly report on the status of older workers on June 2nd, 2021. Their findings show: Retirement Boom: At least 1.7 million more older workers than expected retired due to the pandemic recession. click Retirement Inequality: At earlier ages, vulnerable older workers retired sooner, while more privileged workers delayed retirement. The share of retired workers among adults aged 55-64 rose 5% for those without a college education but fell 4% for those with a college degree. Racial Inequality: Black workers without a college degree experienced the highest increase in the share who are retired before age 65. This rate rose 1.5 percentage points, from 16.4% to 17.9%, between 2019 and 2021. Download the full report and slides from this presentation here: https://www.economicpolicyresearch.or...