Many older Americans who have retired from their previous jobs are returning to the workforce, a process some are calling "unretiring."
The main reason is money, according to a survey of 1,000 "unretired" people.
But the second-most common reason was fighting boredom, with 44 % citing it as the reason they jumped back into employment.
But the second-most common reason was fighting boredom, with 44 % citing it as the reason they jumped back into employment.
In part, the trend reflects the widespread shortfall in Americans' retirement savings. A recent Transamerica Center for Retirement Studies report estimates that workers' median retirement savings is only $71,000, far short of what experts say is needed to retire comfortably. Only 30 percent report accumulating $250,000 or more.
Meanwhile, the number of older Americans filing for bankruptcy has surged fivefold since 1991.
Meanwhile, the number of older Americans filing for bankruptcy has surged fivefold since 1991.
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