Nearly two million American who retired during Covid have gone back to work for financial and emotional reasons. 57% of retirees say they would like to go back to work.
- T.Rowe Price
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The current climate has pushed the planned retirement age back 3 years, from 62 to 65 with 73% agreeing, “The soaring living expenses changed the way I envisioned my retirement.”
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65+ and older labor force participation rate is down below pre-pandemic levels.A drop of roughly 900,000 people.
- Bureau of Labor Statistics
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French workers rioting over retirement age delay. Countries from Denmark to Singapore raising retirement ages to keep economies vibrant and retain skilled workers that are increasingly harder to replace.
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The nation’s $1.4 trillion student isn’t just holding millenials back. The number of people age 60 and older with student loans has quadrupled in the last 10 years.
-PBS NewsHour
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