Boomers Are Ready To Retire

Older Americans are ready to opt out of the workforce altogether even if it means a more modest retirement, a new survey found. 

Peter Hershon, senior vice president of account services at Coventry Direct, told Yahoo Money,

The buzzword is the great resignation, We are seeing more and more seniors, whether by choice or due to unforeseen circumstances, leaving the workforce, sometimes at a younger age than they originally anticipated, and just wanting to be done.

Almost 4 in 5 Boomers reported they would rather retire at age 65 and live out their years in modesty than work until age 75 and live large, according to an online survey of 1,512 Americans conducted in August from Coventry Direct. 

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