Retirees are ditching vacations in the Caribbean, midday feedings of pigeons in the park and hours of frolicking with their grandkids for a once familiar reality. A growing number of older people are leaving retirement and reentering the workforce.
The rising cost of living, the increased need for workers and diminishing COVID-19 concerns are prompting older people to return to work after retirement and the trend could continue, according to the Indeed Hiring Lab.
The Labor Department reports that 1.5 million retirees dusted off their suits and briefcases and headed back to work in the past year. But jumping back into the workforce may be easier said than done, as older workers have to deal with the financial, emotional and physical impact of returning to work.