‘Fat’ 401(k)s causing people to retire early: Oxford Economics

The stock market’s all-time highs are doing wonders for workers’ 401(k)s, with the largest number of 401(k) and IRA millionaires in history, according to Fidelity data.

As a result, many people are dropping out of the workforce to retire earlier than planned, turning their backs on a job seeker’s market.

The Federal Reserve is letting the economy run especially hot in an attempt to bring back people into the workforce, Oxford Economics’ senior economist Bob Schwartz wrote in a note to…


Source link

About search

Check Also

3 stocks with the biggest gains took April's biggest losses – Yahoo Finance

3 stocks with the biggest gains took April's biggest losses – Yahoo Finance

[unable to retrieve full-text content]3 stocks with the biggest gains took April’s biggest losses  Yahoo Finance …

Leave a Reply

Your email address will not be published. Required fields are marked *