Continued Strength Of US Consumer?
by UPFINA
Article of the Week from UPFINA
The pandemic caused baby boomers to retire a few years earlier than they would have otherwise. Before the pandemic people were working later in life than ever. The chart below shows in early 2020, the share of workers 55 years old and older hit a record high of about 24%. Since then, it has fallen below 23.5%. That’s a huge difference especially since there are more older people than ever.
Source: http://econintersect.com/pages/investing/investing.php?post=202107140224
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