JobLoss News & Analysis
2 articles
Market Mood
46% of Retirees Leave Work Early; Average Age is 62
According to the 2026 Retirement Confidence Survey by the Employee Benefit Research Institute and Greenwald Research, 46% of retirees left the workforce earlier than planned, with an average retirement age of 62 compared to an expected age of 65. The Society of Actuaries Research Institute found that 59% of retirees retired earlier than anticipated, primarily due to health problems cited by 49% of low-income retirees and 35% due to job loss and employer disruptions. This shift in retirement timing can significantly impact financial security and healthcare access before Medicare eligibility. This trend may affect financial planning strategies for both employers and current workers as they prepare for retirement.
Read More: 46% of Retirees Leave Work Early; Average Age is 62
Fed Survey Shows 12.6% Chance of Missing Minimum Debt Payments
The New York Fed's May Survey of Consumer Expectations, released on June 8, indicates that 12.6% of respondents fear missing minimum debt payments in the next three months, reflecting rising anxiety especially among lower-income households. Additionally, the chance of job loss expectations increased to 15.1%, with only a 43.7% belief in securing new employment, the lowest since December 2025. Furthermore, anticipated spending growth has dropped to 5%. Despite these challenges, inflation expectations are projected to be around 3%, above the Federal Reserve's target of 2%.
Read More: Fed Survey Shows 12.6% Chance of Missing Minimum Debt Payments