“You look for more coupons, you look for more sales, you don't eat as much of the high-priced items as you might have eaten,” said Frey. “I'm not doing as well as I could be doing because of inflation,” said Frey.
“We do see a good percentage of folks knowing that they might retire now, but as they continue to potentially live longer or have big, unexpected expenses, or market volatility and inflation, they do feel like they might need to go back into the workforce,” Roszkowski explained. Even with inflation, that 3% un-retirement rate holds steady, for now. In the last 5 years, there was a 10-point rise in older Americans doing gig work, like driving for Lyft and Uber, becoming realtors, etc. “The biggest reason from our research for going back into the workforce is to have more money,” said Carly Roszkowski, the vice president of financial resilience programming for AARP. “That's about how much boredom I can stand,” Frey said.Īccording to AARP, around 3% of Americans un-retire. “I knew I had to find something, otherwise I would have to sell the house probably, at that age, still move back with my parents,” she said.īut after every retirement after that one, just give it about six months. “I've actually retired about four times,” Frey said. “Gives me enough things to keep interested where I don't get bored,” she said about recent home improvement and regular gardening. Keeping busy is one of the things the retired teacher knows best. Whether for finances or fulfillment, many retirees return to the workforce. No longer having to work is a goal many people are working toward, but retirement doesn’t stick for everyone.
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