Affluent Americans Rush to Retire in New ‘Life-Is-Short’ Mindset
“After a year of early-morning Zoom calls, the specter of a deadly virus and soaring stock and real estate values, working American baby boomers who can afford it plan to get out while the getting’s good. About 2.7 million Americans age 55 or older are contemplating retirement years earlier than they’d imagined because of the pandemic, government data show. They’re more likely to be White, a group that typically has a larger amount of accumulated wealth, and many cite robust retirement accounts and Covid-19 fatigue for their early exit, according to interviews with wealth managers and federal surveys.”
Euro-Zone Vaccine Delays Mean Double-Dip Recession as U.S. Booms
“The euro zone tipped into a double-dip recession in the first quarter, highlighting the cost of slow coronavirus vaccinations that have left the economy lagging far behind the U.S. The feeble economic data show the importance of accelerating inoculations and getting the bloc’s 800 billion-euro ($968 billion) joint recovery fund under way as soon as possible.”
India Cruised Road to Recovery Just Before New Virus Wave Hit
“Economic activity in India picked up speed last month, signaling it was well on the road to recovery before a new wave of coronavirus infections derailed progress. The needle on a dial measuring so-called animal spirits moved a notch higher for the first time in six months in March, based on the three-month weighted average numbers of eight high-frequency indicators tracked by Bloomberg News.”
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