1 in 6 Retirees Are Thinking of Returning to Work. Should You?
Inflation has been surging for well over a year now. And while it's putting a strain on consumers across the board, retirees may be bearing the brunt of it.
Many retirees are limited to a fixed income that consists largely of Social Security benefits. And even those with a decent amount of retirement savings may be running through their cash reserves too quickly for comfort these days due to higher living costs across the board.
It's not surprising, then, to read that a pretty large number of current retirees are considering reentering the labor force. A recent Paycheck survey found that one out of every six retirees today is thinking about going back to work. And 53% are considering going back to work because they need more money. If you're in a similar boat, a return to work could be a smart move for you.
Source Fool.com
