Baby boomers
The COVID-19 Pandemic may have sped up some Baby boomers exit from the workforce. In the United Kingdom, data collected by the Institute for Fiscal Studies in June and July 2020 showed that 6% of those aged 66–70 and 11% of those aged 71 and older who were working immediately before the crisis had retired, half of whom had not previously planned to do so. In the United States, Pew Research Center reported that the number of Baby Boomers in retirement had increased by 2.3 million in 2020 the largest annual increase since the oldest baby boomers turned 65 during 2011.