It's been a challenging time for retirees. Inflation may be starting to cool, up just 3.2% year-over-year according to the latest CPI report. Yet for seniors, a sustained period of higher inflation has already put a significant amount of stress on the funds they need to see them through retirement.
In fact, financial strains are now pushing many potential retirees to work longer than planned. A 2022 study by the American Association of Retired Persons (AARP) found that 42% of adults age 50 and over are either working in retirement for financial reasons, or expect to do so.
