Low Socioeconomic Status Leads to Premature Retirement

Aug 25, 2016 / Michael Natalie, Horsesmouth Assistant Editor

A recent Boston College CRR Study says lower-income workers are retiring too early to maintain their standard of living.

54% of studied households in the lowest-income bracket are facing a retirement gap, compared to 36% of high-income earners.

Though the obvious solution may seem to encourage these workers to remain in the workforce longer, health complications and poor job prospects may make this advice untenable.

 

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