Thursday, May 26, 2022

The Unretirement Trend


Our readers have reported that they and many of their friends have decided to exit retirement and go back to work. The reasons they give are varied. Some found out that the money they thought they had to live on wasn't enough to maintain their lifestyle. Others have been feeling the effects of inflation which is approaching double digits. The concern that it will get worse has propelled them to dust of their resumes and start looking. Some are going back to the familiar work they always did and others want a new challenge. They want to try working at something they never did before.  The job market needs workers so opportunities are plentiful for both.

Adult children moving back home with their parents has also created the need for additional income. In some cases they come with grandchildren.  As one retiree put it, "I planned diligently for our retirement. Everything was in place. We had enough to last us for a very long time.  I never planned on my daughter getting divorced and moving back home. Now she lives with us and so do our two grandchildren.  I thought college tuition bills were behind me. I need to go back to work so I can educate those kids."

There is another group of retirees that focused so much of their time on work, they never made time to develop an interest or delve into a hobby.  While it's never too late to start, many people are impatient. They would rather go back to work than spend the time test marketing a new hobby.  

Whatever the reason unretirement is a new and growing trend. So if you are thinking about it, you are definitely not alone.


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