All articles tagged with #unretirement
Many older Americans are planning to unretire or return to work in 2026 due to financial insecurity, rising costs, and concerns about savings lasting through retirement, with experts calling for better support and flexible job opportunities for seniors.
Tom Brady, the NFL legend, hinted in an Instagram post that he considered coming out of retirement for a second time in May 2023, but a surprise retirement party from his friends swayed his decision to stay retired. While fans and media speculate about his true intentions, Brady has playfully suggested that his family's reaction and the one-time use of an unretirement pass have kept him off the field. Despite rumors and his own ambiguous comments, Brady has not returned to the NFL, leaving fans to imagine an alternate reality where he might be chasing an eighth Super Bowl ring.
Despite a wave of baby boomers returning to work after the Great Retirement, there are still approximately 2 million more retirees than America's workforce can handle, according to new data from the St. Louis Fed. While some retirees have unretired due to inflation, recession fears, and a volatile stock market, the number of retirees remains higher than predicted. The declining birth rate and an aging population have raised concerns about a shrinking workforce and the strain it could put on programs like Social Security and Medicare. Structural adjustments and policy changes are needed to address the challenges posed by the large cohort of retiring baby boomers.
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.