Rejoining the workforce after retirement is not always driven by finances, a recent study said. (iStock)
Inflation is moderating, but an increasing number of Americans that are nearing retirement or have already retired are considering delaying their plans or returning to the workforce because of rising prices, a recent survey said.
More than two out of three (68%) of pre-retirees plan to push back their retirement – compared to 64% last year, according to the F&G Annuities & Life survey. Forty-four percent said inflation was the reason why they were altering their plans. Inflation moderated to 3% in June after reaching a 40-year high two years before. However, the lingering effects of high prices have remained, and the Federal Reserve’s quest to lower inflation by raising interest rates has also increased borrowing rates on everything from car loans to home…
