1 in 6 retirees is considering returning to work
Many older adults find themselves in deteriorating financial positions due to massive stock market losses in 2022. Some $12.2 trillion in wealth was wiped out as the Dow, S&P 500, and Nasdaq lost 8%, 19.4%, and 33%, respectively.
In an AARP survey late last year, more than a third of people 65 and older described their financial situation as worse than a year prior — up from just 13% at the start of the year.
According to a survey by Paychex, 55% of retirees who went back to work said they did so because they needed more money
Reckless spending and inflation are forcing many Americans to 'unretire'
Many older adults find themselves in deteriorating financial positions due to massive stock market losses in 2022. Some $12.2 trillion in wealth was wiped out as the Dow, S&P 500, and Nasdaq lost 8%, 19.4%, and 33%, respectively.
In an AARP survey late last year, more than a third of people 65 and older described their financial situation as worse than a year prior — up from just 13% at the start of the year.
According to a survey by Paychex, 55% of retirees who went back to work said they did so because they needed more money
Reckless spending and inflation are forcing many Americans to 'unretire'
