S&P 500 Boom Is Sending Older Americans Into ‘Retirement Party,’ Economists Say ‘Strength of the Equity Market Is Partly to Blame’
Bank of America Corp. (NYSE: BAC) economists Stephen Juneau and Aditya Bhave have linked the stock market boom to a sharp decline in labor-force participation among workers age 55 and older, saying the surge in equity wealth is helping accelerate retirements. In a research note, Juneau and Bhave wrote, "Labor force par