December 22, 2021

Forecasters predict modest state tax revenue growth next year

Economists worry about supply chain, labor issues

Shira Schoenberg ,

Commonwealth Magazine

The Massachusetts Taxpayers Foundation has long argued that an aging, retiring workforce will cause challenges in Massachusetts. Goodman said COVID has sped up that challenge. While in past recessions, older adults often delayed retiring for financial reasons, this time, many older adults are retiring sooner, because of COVID fears or to help care for grandchildren so their adult children can keep working.