Retirement Revolution Unexpectedly Is Boosting Economy

Friday, February 7, 2020 - Friday's news that 225,000 new jobs were created in January confirmed that the economy and stock market are unexpectedly benefiting from the retirement revolution. Yet that's not in today's headlines and likely won't be tomorrow. Here's an analysis of data released this past week that focuses on what's important to your financial well-being.

Demographers and economists never figured on so many people choosing to continue to work past age 65. It's a significant economic surprise. The fact that many more people over 65 are staying in the labor force beyond what was expected is the proximate cause of the unexpected good job numbers and recent stock market highs.

Given Friday's data, it may seem pretty obvious that the retirement revolution is boosting the economy. Yet it isn't making financial news headlines.

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This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial advice without consulting a professional about your personal situation.

Indices are unmanaged and not available for direct investment. Investments with higher return potential carry greater risk for loss. Past performance is not an indicator of your future results.

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