Courtesy of Pam Martens.
- Wall Street’s Institutionalized Wealth Transfer System Is Preventing Retirement for Millions
Gad Levanon, Director of Macroeconomic Research at The Conference Board, and Ben Cheng, a Researcher in the organization’s economics department, have a new report out titled “Trapped on the Worker Treadmill.”
The report finds that of respondents aged 45 to 60, the percent that plans to delay retirement has gone up 20 percent in two years.
This and previous research by Levanon and Cheng made the following findings:
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In the mid-1990s, roughly 12 percent of workers were 55 and older, compared with 21 percent in 2011. Before the end of this decade more than one in four workers will be 55 or older;
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Business owners were more likely to delay their retirement than employees;
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Workers in highly paid occupations, such as managers and professionals, were more likely to delay retirement than workers in lesser paid occupations;
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