The collapse in Australia’s sharemarket is expected to delay the retirements of baby boomers, keeping them participating in the labour for longer:
There’s no doubt that the latest share market crisis will have a huge psychological impact on the younger members of the baby boomer generation (usually defined as those born between 1946 and 1964).
The youngest members of the boomer generation are turning 56 this year, which means they’re at that age when they’re beginning to think seriously about how they’re going to fund their retirement…
