Jobs
Pandemic Retirees in US Head Back to Work as Asset Boom Fades
- Research shows excess retirements down 20% from December peak
- Still, outsized share of older workers remain on sidelines
This article is for subscribers only.
The so-called Great Retirement is looking a little less great lately, as stalled house prices and the rising cost of living push some older workers back into the labor force, new research shows.
The disappearance of a few million people from the US labor force has been a striking feature of the pandemic era, and economists attribute part of it to people retiring early, along with a drop in immigration and the effects of long Covid.