Posted: December 30th, 2021
Compose a 500 words assignment on americans delay retirement. Needs to be plagiarism free! “Americans Delay Retirement” The recent economic crash has affected the preferences of American workforce in general while the workforce at its retiring age in particular. The crises of real estate business and stock market crash are main reasons behind the situation. Most of the aging Americans are delaying their retirement plans in because of the negative repercussions of the situation on their wealth. The demographics of the workforce have been changed dramatically. It can be inferred that the workforce of the United States is aging. Experienced employees are delaying their retirement as a result of which positions are not vacant for young professionals.
Most of the senior employees were of the opinion that they will sell their houses so that they can get the decent amount in order to manage their life style after retirement. However because of the economic crises the prices of real estate went down which badly affect the projected savings of aging American workforce. Youth of America is going to face serious crash in the job market since there will be very few jobs for thousands of graduates. The economic bubble seems to burst now. Research conducted by the investment company also suggests that senior employees are working longer so that they can recover some of their wealth which was lost at the hands stock market speculations. Besides the economic reason behind the delay of retirement there are some social problems as well. Most of the people think that the benefits which they are getting during the service will no longer be available after retirement. Therefore senior employees are trying their level best in order to get maximum benefits possible. Scarce health benefits are also one of the major concerns behind the delay of retirement by the senior employees of the workforce (Levtez).
Place an order in 3 easy steps. Takes less than 5 mins.