“Many workers ages 55 and up were prompted to take time out of the work force amid Covid-19. However, data shows those people do not necessarily plan to retire altogether. Those most likely to retire are workers age 70 and up, and they likely already claimed Social Security retirement benefits before the onset of the pandemic”
“Consequently, there has likely been ‘only a small increase’ in the claiming of Social Security retirement benefits prompted by the pandemic….”
I’m surprised so many people aged 70 and over are still in the workforce!
Another interesting article on the subject:
“If you break the data down by education, the largest increase in working past the age of 65 has been seen among those who are in the best shape for retirement, highly educated people with high incomes,”