The early retirement of experienced workers is seriously harming the U.S. economy, according to a new report from the Hudson Institute, a public policy research organization. Currently, many older experienced workers retire at an early age. According to the recently issued statistics, 79 percent of qualified workers begin collecting retirement benefits at age 62; if that trend continues, there will be a labor shortage that will hinder the economic growth in the twenty-first century.
Older Americans constitute an increasing proportion of the population, according to the U.S. Census Bureau, and the population of those over age 65 will grow by 60% between 2001 and 2020. During the same period, the group aged 18 to 44 will increase by only 4%. Keeping older skilled workers employed, even part time, would increase U.S. economic output and strengthen the tax base; but without significant policy reforms, massive early retirement among baby boomers seems more likely.
Reti
A. do harm to younger generations
B. end up with few or no benefits
C. give play to their potentials
D. shed light on social trends
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