Baby Boomers Putting the Boom in Stock Market Gains and Are Now Ending Their Careers Early

The stock market boom is financing early retirement.

According to recent data from Bank of America, the labor force participation rate for Americans aged 55 and older dropped to 36.9%, a significant decline from the over 40% participation level maintained before the pandemic. Stock market gains that have driven a 40% rise in market indices over the last couple of years have increased wealth enough that workers can comfortably exit the labor market ahead of schedule.