A new study released on Thursday by the Pew Research Center reveals that a rising number of Americans over the age of 65, the normal age for retirement, are heading back to work to earn higher wages.
According to Axios, the number of older Americans returning to the workforce has been consistently rising since the late 1980s, with one major decline during the Chinese Coronavirus pandemic. Some of the reasons for this increasing return to work include changes in Social Security law forcing older Americans to keep working even past 65 in order to receive their full benefits; additionally, there has been a shift away from pension plans that normally would force most Americans to retire by a certain age, in favor of 401(k) plans that allow for ongoing workforce participation.
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