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.”
Rodney Brooks
Hello! I’m Rodney A. Brooks®. I am a veteran journalist, writer and author and my specialty is retirement planning and other personal finance issues. I have written for many national publications, including USA TODAY, The Washington Post, U.S. News & World Report, AARP and National Geographic. I am available to speak on personal finance, financial literacy and the racial wealth gap.
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