You're 57, I'm 67 and many, many of us have left the workforce never to return, other than to manage our own investments. My background is in chemistry and economics.
The pandemic has greatly accelerated retirements, even as an increasing number of retirees like santafe and myself are postponing Social Security payments until age 70.
I'm using a small two year window before age 70 to roll out money from my partner's IRA to a ROTH and take capital gains before Social Security benefits increase our tax bracket.
Post-Baby Boom cohorts are much smaller in size so will be able to command better pay than people our age simply due to supply and demand. The offsetting trend is automation and AI.
While US and European demographics are creating "a period of adjustment", the demographic imbalance in China (former one baby nation) is downright catastrophic.
Some have suggested terminating Medicare and Social Security benefits could help induce lazy retirees to participate in the labor force again. I think that was Mitt Romney.
I know you posted for Elroy, however let me make a comment here. Your posts and humor are welcome. Incidentally, I found that people want the quick buck, but do not want to work for it.
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