A recent survey from the Bank’s Center for Microeconomic Data found that the lowest average annual salary respondents would be OK with accepting for a new job would be $78,645. That represents a year-over-year increase from $72,873 in July 2022.
“The average expected likelihood of working beyond age 62 declined to 47.7% from 48.8% in July 2022, the lowest reading since the start of the series in March 2014,” the institution said in a release. “The series has largely been on a downward trend since November 2020. The average expected likelihood of working beyond age 67, however, edged up to 32% from 31.3% in July 2022.”