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Retirees are returning to the workforce in droves: Here’s why [Video]

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USA Economy and Markets

It used to be when you turn 65, most people put down the work and retire. However, the newest trend is “unretiring,” with as many as 20% of older workers rejoining the labor market in their 60s and 70s.

As of late 2023, there were nearly twice the percentage of Americans over age 65 working compared to the 1980s, according to Pew Research.

One example is walking into an ACE Hardware store, where you might find an associate like Ed Rooch.

This 74-year-old has been the “helpful hardware man” since retiring from a computer job in Silicon Valley almost 10 years ago. After a couple of years at home, he decided retirement wasn’t for him,

“Well, I’ve always been handy,” he said, “so this seemed like a perfect fit.”

So, like a growing number of people over 65, he returned to the workforce, in his case for 30 hours a week. And he’s loving …

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