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Most older American may not be able to do hard physical labor anymore but they are filling necessary jobs.
Simple. People can't afford this economy with high inflation, high gas prices, high interest on credit cards, high insurance prices and other cost they never anticipated before biden took office. Blame who you want, but the fact is under biden everything cost more and retirees need to go back to work to get by.
Location: East of Seattle since 1992, 615' Elevation, Zone 8b - originally from SF Bay Area
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"As of late 2023, there were nearly twice the percentage of Americans over age 65 working compared to the 1980s"
does not indicate that retirees are returning to the workforce. In fact there are people like me that are still working beyond age 65, who never retired. The reason is not money, though it sure is nice to have both a great paycheck and a social security check, but many of us in this generation like our jobs, and enjoy passing on our knowledge to the younger employees. I'm a manager, age 71 and will retire this year, and my direct reports are all in the 25-32 range. My boss, a director retired last June at age 72, our accountant retired at age 69, our tax accountant at age 72. When I retire we will downsize and pay cash with the equity from the current house, my wife and I will both have pensions, SS, and our investments. Like anyone we don't like the inflation but it won't have us eating cat food by any means, and we will not have to go back to work.
Simple. People can't afford this economy with high inflation, high gas prices, high interest on credit cards, high insurance prices and other cost they never anticipated before biden took office. Blame who you want, but the fact is under biden everything cost more and retirees need to go back to work to get by.
You are right, just not Biden. All of the politicians for both side.
The biggest jump in prices I have noticed is home prices in the current housing bubble.
It will burst after a while and re-normalize.
You've got the gas & food hikes too.
We all do.
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