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With more Brits retiring early, the Bank of England warns of a shrinking workforce — and rising inflation

Jan 17, 2023
A surge in the number of early retirees threatens to prolong inflation in the U.K.
The Bank of England, seen above, warns that a shrinking workforce and prolonged labor shortages could drive up inflation.
Ben Stansall/AFP via Getty Images

The Great Resignation continues in the U.S. workforce

Oct 12, 2021
A record 4.3 million people quit their jobs in August, according to the latest Job Openings and Labor Turnover report from the Bureau of Labor Statistics.
Women walk past by a "Now Hiring" sign in Arlington, Virginia, on Aug. 16. The most recent JOLTS report shows a high number of people leaving the workforce across multiple sectors.
Olivier Douliery/AFP via Getty Images

The pandemic is pushing some older workers into retirement early

Oct 5, 2020
But some may leave before they are financially prepared for retirement.
For retirees in their 50s and early 60s, not only do they have less time to save, they won’t be eligible for Medicare or full Social Security benefits.
Chandan Khanna/AFP via Getty Images

Silicon Valley's early 30s retirees

Apr 6, 2018
How tech workers are hacking their savings to exit the workforce early.
Some early retirees plan to live a geo-arbitrage lifestyle — move to a foreign country and live frugally.
Joe Raedle/Getty Images