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Living in a Grey Market
After talking it through with your family, going over your finances and taking all the advice from all the retirement experts you could, you decided this would be the year you left it all behind and started a new chapter.
And then the housing market got a little rough. Stocks began to slide. Like many baby boomers, you’re understandably concerned—so much so that you’ve decided to keep working for a while longer. Welcome to the club. The U.S. Labor Department says that the proportion of people age 55 to 64 in the workforce is up to 64.8%. It’s a 1.5% increase from last year and a 10% jump since 1990.
It’s hard to say how worried prospective retirees should be. The outlook seems bleak, but then again it may just depend on how you’ve gone about your retirement planning. Are you putting off retirement until the economy stabilizes? [Wall Street Journal]