The movement in the labor force is affecting people’s retirement savings, according to the new 2022 Retirement Risk Readiness Study from Allianz Life.
Fewer people said they retired earlier than expected in 2022.
While 68% of retirees said they had left the workforce earlier than expected in 2021, only 42% of retirees said the same this year. Fewer said they retired because of unexpected issues – more people retired on their own terms.