Everything Costs More, and That’s Disrupting Retirement for Many https://www.wsj.com/articles/everything-costs-more-and-thats-disrupting-retirement-for-many-11649669401
Signs are mounting that high inflation is helping propel more people—including retirees—back into the labor force, economists say.
That is good for the economy overall, as a growing workforce boosts the economy’s growth prospects, and it could ease staffing shortages that have pushed up wages and added to price pressures. But for many people, including those relying on pensions or limited savings, rising prices are an unwelcome development forcing them back onto the job market.
“We’re beginning to see the migration of the older cohort who expected to live on a fixed income in a low-interest rate and low inflation environment,” said Joseph Brusuelas, chief economist at RSM US LLP. “That has not materialized; therefore they have to come back to the labor force to create the conditions so they can retire.”
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