As inflation spikes, the number of people coming out of retirement is growing

In many cases, older workers with specific skills are being called back by former companies to plug knowledge gaps (Credit: Getty Images)

Rev 6:5, 6 NCV When the Lamb opened the third seal, I heard the third living creature say, “Come!” I looked, and there before me was a black horse, and its rider held a pair of scales in his hand. Then I heard something that sounded like a voice coming from the middle of the four living creatures. The voice said, “A quart of wheat for a day’s pay, and three quarts of barley for a day’s pay, and do not damage the olive oil and wine!”

Important Takeaways:

  • In the US, job site Indeed reports ‘unretirement’ levels are at 3.3%, much higher than the sub-3% average seen since 2017.
  • In the UK, Indeed saw a spike in 55-to-64 year-olds ‘urgently seeking work’
  • Whether part-time, full-time or a side gig, people are increasingly expecting and needing to work past traditional retirement age
  • Concerns linked to the cost of living are currently a major motivator
  • Many retirees are being courted by companies with skilled vacancies to fill.

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