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I was thinking, many potential retirees didn't retire in the past 3-4 years due to loses in the stock market, worried with unemployement going up thet they couldn't get a job if they needed to. afraid couldn't sell their house to move.
so they stayed on the job.
Now the stock market (as by by the DOW) has pretty much recovered, at 13K with about 14K it's all time high. Hopefully 401K's have recovered.
They have worked 3-4 more years so they are older, also put more into 401K's
unemployment rate is going down, at 8.2 this morning, (not great but moving in right direction)
Real estate, always a local issue does seem to have pockets getting better.
I was thinking that maybe in 2013/14/15 many of these people will actually pull the plug.
Combine that with others coming behind them (Boomer wave getting higher) hitting their target retire dates, in 2013,14 and 15
Could 2013,14,15 have quite a lot of people actually retire and leave employment? Much more in numbers that haven't been seen in like 5 years or longer?
When I retired at 62 in 2008 a whole bunch of others had just retired or were going to so I think the trend had already started. But I'm sure the ranks of retirees will continue to swell as more reach 65 and older. Medicare and Social Security eligibility will be driving forces.
Demographics drive these trends so expect a very large increase in retirements over the next ten years... prepared or not there are many that just won't be able to stay employed.
I was born in 1948, but I decided to retire before the Baby Boomers of our time! My chronic aching lower back made me to decide to retire early at age 49 in 1997 and the following year we moved overseas in the Philippines where my small civil service pension got us by OK due the low cost of living here until I started receiving my USAFR military pension at age 60 and my little Social Security benefit at 62!
I'm now 63, my wife 48 and we are finally safe and secure in our permanent retirement here in the Philippines, our roots!
Thank goodness, we can now comfortably enjoy the remaining years of our lives!
I don't think we'll see a change for that reason. Much of the increase will be from the Baby Boomers nearing retirement. I say this because while some may have held off retiring, others retired early because they lost their jobs and could not find a new one. Retirement was their only option.
I was thinking, many potential retirees didn't retire in the past 3-4 years due to loses in the stock market, worried with unemployement going up thet they couldn't get a job if they needed to. afraid couldn't sell their house to move.
so they stayed on the job.
Not sure your premise is right to begin with (see chart #1)...like Art2ro & akck, I think the Boomer (those born 1946-1964) influence will be far more significant than the recent Recession (see chart #2 & #3).
I think its the same reason many young people who have a job and want to look else where for better opportuntiy are stayig in palce. Also the reason investors are holding alot of money on the sidelines as are companies.Uncertainity of the future and the economy.One only has to listen to the FED minutes and comments to see they are the same in their thinking.The government can say what it wants but people on main street know wht they see arounf them.lokig at the amut of the deficit that has to be paid is reason enought to wander about goverment decision making and what the future brings to most.Look at trust figure on governament and you see no confidence. Notice that even the certainity of no governamnt action things ahve improved some;I hate to say.
I think there will be increases and decreases. Probably more increases, sort of like the spreading of a puddle. People will be retiring at all different ages, which will keep it from being that much of a boom.
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