The Rise of Retired Americans Returning to Work

While Gen Z workers are hesitant to return to the office after launching their careers remotely, a significant number of retired Baby Boomers are eager to reenter the workforce. A study by Fidelity & Guaranty Life Insurance Company found that nearly half of current retirees are planning to return to work or strongly considering it, with financial reasons and a desire for social connections and purpose cited as motivations. The trend of "unretirement" has been fueled by a booming labor market, inflation impacting retirees' savings, and a fading fear of COVID-19. However, ageism and concerns about being judged by coworkers remain challenges for older workers seeking employment.