While researching the prevalence of side jobs and income earned outside of a primary occupation, we’ve found somewhere around 31% of all American adults have some side hustle. In our last post we delved into the time Americans spend on side activities. In this post we’ll paint a clearer picture of how serious these side […]
Economics
How Much Time Do Americans Spend on Side Jobs?
In our last couple posts we’ve looked at the most common side jobs in America as well as why Americans work side jobs. Our series comes from the 2017 Survey of Household Economics and Decisionmaking, a Federal Reserve Survey that asks about these topics – and a ton of other interesting stuff, to boot. One […]
Why Do Americans Work Side Jobs?
In the last post, we looked at the most popular side jobs worked by Americans in 2017. As the most logical followup, in this post we’ll look at why Americans worked side jobs. Once again, data comes from the 2017 Federal Reserve Survey of Household Economics and Decisionmaking. Why Do Americans Work Side Jobs? One […]
What Are the Most Common Side Jobs in America?
While the Survey of Household Economics and Decisionmaking is incredibly useful for figuring out retirement stats, we’ve barely tested its depths with our recent posts. Also included inside? Invaluable data on part time work in the United States. Whether you call it a side job, part time work, or a side hustle, the 2017 SHED […]
How Much Do Early Retirees – Or Extremely Early Retirees – Have Saved?
Our last few posts have looked at early retirees. We looked at the early retirement age (and extreme early retirement age), as well as survey data on how common early retirement is. Before that, we looked at how the population of American retirees pay for retirement. In this post, we’ll look at early retirees again […]
Early Retirement: How Common – Or Rare – Is It?
In a recent post, we argued for 55 years old as the early retirement age cutoff in America. Due to the timing of commonly available government benefits, early retirement (usually) requires considerable resources or alternative streams of income to stop working. We’ll look at the rarity of early retirement in this post in a few […]
Retirement Planning: How Do Americans Pay For Retirement?
In our series on American retirement, we penned two articles on retirement preparation – American retirement savings and retirement savings by age. For those posts we built savings estimates by asset classes, but didn’t look at how retirees are behaving. In this post we use 2017 Survey of Household Economics and Decisionmaking microdata to see […]
Why Do Americans Retire?
In our average retirement age in the United States piece we briefly discussed retiring for health reasons… then didn’t dive deeper. Through the lens of 2017 Survey of Household Economics and Decisionmaking responses, today we’ll evaluate retirement reasons for the living retiree population. We’ll touch both why do Americans retire as well as craft a […]
Average Retirement Age in the United States
The average retirement age in the United States among currently living retirees was 59.88 years old. The median living retiree left work at 62 years old, and the most common age to retire was 62 years old. 18.7% of retirees retired at age 62, and a whopping 63.1% retired between the ages of 57 and […]
Do Americans Feel On-Track for Retirement?
The Survey of Household Economics and Decisionmaking (SHED) from the Federal Reserve is a survey which asks – among other things – how prepared American adults are for retirement. In other posts, we looked at how American households compare to savings target multiples by age and the dollar amount they’ve saved for retirement. Now we’ll […]