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Economists say the US stock market rally is fueling a "retirement wave," with the labor force participation rate for older workers declining since August 2024.
Bank of America economists note that the stock market boom, fueled by the AI craze, has led to a "wealth effect," prompting workers aged 55 and above to exit the labor force at a faster rate. Data from the U.S. Bureau of Labor Statistics shows that since August 2024, the labor force participation rate for this age group has fallen from 38.6% to 37.2%.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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SK Hynix fell 6.02% from its previous close, currently trading at ₩1,312,000.
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SK Hynix fell 9.31% from its previous close, currently trading at ₩1,266,000.
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