The Labor Day return-to-office crunch might be a shock to Gen Z workers who launched their careers from their couch. But there’s another segment of the workforce that’s had enough of the couch potato life: retired boomers..
Nearly half (44%) of current retirees have plans to reenter the workforce or are strongly considering it, according to a June 2023 study by Fidelity & Guaranty Life Insurance Company. With the current average U.S. retirement age hovering around 64, that means those coming out of retirement are almost entirely Baby Boomers. To be sure, a healthy portion of those folks are likely pursuing work for economic reasons. Perhaps they assumed that they’d saved adequately for retirement, only to realize their expenses vastly outweighed their savings.
