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Senior Living Trends
from 2023 Trends Report
by Catalyst
Unretirement
TO MEET THE NEED OF SOCIAL ENGAGEMENT AND FINANCIAL SECURITY, SOME RETIREES CHOOSE TO ENTER THE WORKFORCE AGAIN:
“[A] May 2022 report from AARP, citing data from Indeed, found that 1.7 million Americans who retired a year earlier had returned to the workforce. Kim Chaplain, a specialist adviser for work at the UK’s Centre for Ageing Better, told the Guardian that the organization ‘suspects the rising cost of living is playing a role.’ … Others are returning in search of social interaction. ‘We have a real serious issue in this country of senior loneliness and depression. The pandemic really exacerbated that,’ Andrew Meadows, senior vice president at Ubiquity Retirement + Savings, told AARP. ‘Many seniors were forced to stay at home, and now they are thinking of entering the workforce again for social interactions.’”
The Future 100: Trends and Change to Watch in 2023 — Wunderman Thompson Intelligence, page 218
