An AP article reports that workers are retiring later. It cites as one of the factors the decline in the stock market. Since the vast majority of workers have very little money invested in the stock market, its effect on retirement decisions is likely to be limited. On the other hand, the vast majority of older workers do have a home. The plunge in house prices over the last two years is likely to have a large impact on retirement decisions. For most of these workers, the drop in house prices will have destroyed a large segment of their wealth.
Unlike many news organizations, the Prospect has remained staunchly committed to keeping our journalism free and accessible to all. We believe that independent journalism is crucial for a functioning democracy—but quality reporting comes at a cost. From Trump’s threat to the free press to Musk’s influence on our democracy, there is too much at stake in 2025 to stop now.
We’re behind on our goal to raise $75,000 to continue delivering the hard-hitting investigative journalism you’ve come to expect from us. Your support helps us maintain our independence and dig deeper into the stories that matter most.
We need you to make a year-end contribution today. Any amount helps secure our future and ensure we can continue holding power to account.
