The Great Recession drained the retirement savings of boomers, forcing many to work years longer than they had planned. Are these working boomers crowding young adults out of the labor force?
According to an analysis by Pew Economic Mobility Project, the answer is no: the greater the employment of boomers, the greater the employment and wages of young adults. As the saying goes, a rising tide lifts all boats. "Greater employment of older persons leads to better outcomes for the young," concludes the study.
Source: Pew Economic Mobility Project, When Baby Boomers Delay Retirement, Do Younger Workers Suffer?
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