1 in 6 Retirees Considering Unretiring
Facing rising inflation, market volatility and a looming recession, 1 in 6 retirees are considering unretiring, according to a survey by Paychex. Needing money (53%) and getting bored (52%) or lonely (43%) were some of the top reasons, as were inflation (43%), stock market volatility (41%) and needing health insurance (39%).
“There are a lot of good reasons to continue working in retirement,” says Elijah Kovar, financial advisor at Great Waters Financial in Minneapolis. “You're challenged to learn. You have a reason to get out of bed. A lot of people miss the social interactions because so much of their social interactions were at work.”