Yesterday we talked broadly about retiring Baby Boomers and the big picture outlook for Oregon employment. Today we will focus on the number of retirees based on our office’s economic and demographic forecasts.
Oregonians are working later in life to a larger degree today than at any point in recent memory. In fact if you compare employment and retirement patterns in Oregon today with the late 1990s, this shift is equal to roughly 2 years. That means Oregonians are retiring approximately 2 years later today than 15 years ago.