Two Big Reasons Why Millions of Seniors Are ‘Unretiring’

Today’s workforce includes about 11 million older Americans. An article in MoneyWise points out that’s about four times as large as it was in the 1980s. While this is partially because Social Security’s full retirement age has increased to 67, the bigger reason is financial concerns. Money woes now have one-in-eight retirees talking about re-entering the workforce.

A survey by Resume Builder found that 61 percent of retirees say they need to go back to work because they are struggling financially due to inflation and the skyrocketing cost of living these days. However, money is not the only motivator. More than a third of survey respondents said they want to go back to work to fight off boredom.

The Seniors Trust is committed to improving the financial well-being of America’s retirees through passage of The Social Security Expansion Act. It will give retirees an immediate benefits increase of about $200 a month, a fair annual cost-of-living adjustment (COLA), and increased minimum benefits. This bill will also ensure the long-term solvency of the Social Security program — making sure it is available to all who need it now and in the future.