Retirees increasingly considering “unretirement” in light of newfound financial instability

by QCash Financial CUSO

“Retirement isn’t what it used to be.” – Nora Dowd Eisenhower, Philadelphia Mayor’s Commission on Aging

The rate of “unretirement,” measuring those who switch back to employment following retirement, has been accelerating, according to Nick Bunker, Head of Research at job-seeking site Indeed. The question is whether this is a healthy trend for America’s retirees.

Forty percent of workers 65 or older had previously retired at some point, according to a Rand Corporation report in 2019. About 10 million workers are in the age 65-or-older group, or 17.9 percent, according to the most recent statistics from the Bureau of Labor Statistics.

 

continue reading »