Millions of Americans retired sooner than they anticipated because of Covid-19, but applications for Social Security benefits are roughly flat. What gives?
The Great Retirement disconnect that puzzles US economists bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
(Bloomberg) The pandemic pushed millions of older Americans out of the labor force. It should have spawned a surge in Social Security benefits applications but it hasn’t. Perhaps because they aren’t retired.
Congress will have a few options when it comes to keeping Social Security solvent. Its members could change the funding formula, delay the retirement age, or somehow adjust how benefits are distributed.