According to the research, money (or lack thereof) is the main driving force behind the trend, with inflation adding around $1,250 a year to households' annual bills. The current climate is causing a double-whammy impact on pensioners' pockets: For more than a third of respondents, the cost of living is now higher than they'd planned for; meanwhile, 24% said that their retirement income is no longer enough to actually live on.
Sadly but unsurprisingly, the growing number of pensioners rejoining the workforce aren't doing so because they missed the daily routine of clocking in from nine to five, the buzz of the office, or the company of colleagues.
Even those who haven't yet retired have taken a close look at the economy and noted that they won't be able to enjoy the fruits of their labor for some time: More than one in 10 are now postponing their plans to retire, while 3% are taking on an additional job to boost their income.
With pensions not quite stretching like they used to, 31% of respondents want to earn more money so that they can make the most of their free time and treat themselves beyond splashing out on basic needs.
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