Inflation Is Keeping Older Workers on the Clock

Retirement levels are near historic lows, with an estimate of retirements sitting at 274,000—well below pre-pandemic norms. Many stay working for financial reasons, as 66% of workers 60+ who haven't retired say income needs are keeping them on the job. Inflation has impacted retirement plans for just under half of those aged 60+, the number one fear this cohort experiences.