April 2010

Unemployment Pushes Workers Into Early Retirement

From NPR.org.

For some older Americans who lost jobs in the Great Recession, Social Security is filling the void left when unemployment benefits run out.

The Social Security Administration had predicted there would be a 15 percent increase in retirement applications last year as baby boomers reached retirement age. Instead, the increase was 20 percent.

"That's a significant amount," says Jason Fichtner, chief economist at the Social Security Administration.

Full article.

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