A diminishing older workforce is bad for retirement security – and the economy
Older Americans were just starting to get back to work after COVID-19 either pushed them into an early retirement or left many unemployed, but the new COVID variant might alter those plans.
The latest variant is known to be highly contagious, and it’s already spread across the globe, including the U.S., U.K., Germany and India. The virus might deter some older Americans from returning to the workforce or staying in the labor market, depending on their jobs, financial status and fear of contracting COVID, experts said.
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