For decades, retirement was viewed as the finish line after a lifetime of work, but that picture is rapidly changing for millions of Americans. Across the country, older adults are heading back into the workforce in what experts are now calling the “unretirement” trend. Some retirees are returning because they miss the structure and social connection of work, but for many others, the reason is much more serious: their retirement savings simply are not lasting as long as expected.
Rising housing costs, higher grocery bills, increasing medical expenses, and inflation have created enormous financial pressure on seniors living on fixed incomes. According to a recent AARP survey, 7% of retirees reentered the workforce in the past six months alone, with nearly half saying they returned primarily because they needed the money.
