More Americans Are Considering Retirement Because of Covid

Bloomberg (04/30/2021)
  • The unprecedented surge in stock portfolios and home values over the last year is pushing more American baby-boomers (ages 55-69) into early retirement.
  • Government data shows that 2.7 million Americans are contemplating early retirement.
  • Many also cite Covid work from home fatigue and dreading the return to normal work life (eg commutes, travel) as driving factors.
  • Assets controlled by baby boomers soared by $4.2 trillion in 2020, including $2.2 trillion from stocks and mutual funds as well as $750B from home price appreciation.