Older Hollywood actors had success recently by heading back to work to play retirees in sitcoms like “Grace and Frankie,” a popular Netflix comedy.
Retirement, however, isn’t a laughing matter for markets, with the Federal Reserve continuing its battle to bring down high inflation and the U.S. economy still reeling from an estimated 2.1 million workers out of the labor force. It likely won’t be someone in the “Grace and Frankie” age group, since the labor participation gap has been driven mostly by an aging U.S. population and baby boomers retiring since the onset of the 2020 pandemic, according to a report Thursday from the New York Federal Reserve.
It's important to keep an eye on the markets and consider all angles when planning for retirement. This chart is a great reminder to stay informed.
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