It’s more common than I thought and the Great Recession is worsening the trend.
According to a new study by Sun Life Financial, more than 20% of American workers are forced into early retirement by layoffs, cutbacks, and shutdowns. In an age where pensions have gone by the wayside and the future of social security is in doubt, the report finds they often find themselves with half of the expected savings and investments they anticipated for their golden years. Reuters news service points out that the results weren’t entirely surprising: Half were the result of corporate actions with the second leading cause of forced retirement being injury and illness; it also said that family obligations were the reason ten percent of women left while only two percent of men.
Here is a good stiff dose of ageist stereotypes for your enjoyment.
This is a much more serious and insightful take on the issue…