With the average retired worker's Social Security payment just under $24,000 annually, inflation has made it increasingly difficult for seniors to sustain their lives on this income alone. While returning to work may help alleviate financial strain, there are significant mental and physical health concerns associated with re-entering the job market. Additionally, age discrimination can pose barriers, making it harder for retirees to find employment after a prolonged absence from the workforce. Downsizing or monetizing one’s home might be viable alternatives worth considering.
Though the average retired worker receives nearly $2,000 monthly in Social Security, rising inflation has left many seniors struggling to get by.
Downsizing or monetizing your home could provide much-needed extra cash instead of immediately considering a return to the workforce.
Returning to work after retirement can alleviate financial stress, but may also pose significant challenges to one’s mental and physical well-being.
Many seniors face barriers to re-entering the labor force, such as age discrimination and the struggle to adapt after a long hiatus.
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