Thousands of seasoned professionals. dropped out of the workforce early during the pandemic, but far from enjoying an early retirement, new research now shows that nearly half of them have been forced into poverty.
In the U.K. 48% (390,000) of the roughly 812,500 50-70-year-olds who retired in 2020-21 are living in poverty, The Institute for Fiscal Studies (IFS) has revealed—meaning their annual income is below 60% of the average household.
