“I don’t know many people who did or could retire at 62.
I am only a few years away from retirement age but there is no way I can stop working.”
Same here.
But people did take their SS money and work less.
When a large portion of the population gets old, they are not as productive, the economy shrinks.
My point: The current very long depression coincides nicely with baby boomer demographics.
With a population of 300 million people, there are far more people entering the workforce age than leaving it.