> Early retirement is increasingly a preserve of the wealthy. Back in 2002–03, the fraction of those who were retired aged 55–64 was fairly similar across the wealth distribution: 20% in the poorest fifth compared to 28% for the wealthiest fifth. In contrast, by 2018–19, only 7% of the poorest fifth were retired, while for the wealthiest fifth it was still 24%.
alt Hacker News
> Early retirement is increasingly a preserve of the wealthy. Back in 2002–03, the fraction of those who were retired aged 55–64 was fairly similar across the wealth distribution: 20% in the poorest fifth compared to 28% for the wealthiest fifth. In contrast, by 2018–19, only 7% of the poorest fifth were retired, while for the wealthiest fifth it was still 24%.
https://ifs.org.uk/news/early-retirement-increasingly-concen...