Americans tend to stop work during economic booms rather than downfalls, according to a study from the University of Missouri.
The study, published in the Journal of Personal Finance and funded by a grant from Prudential Insurance Company of America, examined data from 4,000 households with retirement-aged Americans from 1992 to 2008.
It found the probability that retirement-eligible Americans chose to retire increased by more than 2% for every 1% increase in market returns.
Read more at University of Missouri