You may have heard about America’s great “unretirement.”
Millions of older Americans retired early, before age 65, during the pandemic, but now, to most economists’ surprise, they’ve boomeranged back into the workforce faster than other age groups.
An estimated 1.5 million of those would-be retirees are back to work according to US Bureau of Labor Statistics data. The workforce participation rate for people aged 55 to 64 has returned to its pre-pandemic level. (People age 65 and older have not returned at the same rate.)
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