New data from Indeed Flex reveals a significant shift in the retirement landscape, with nearly one-third of US retirees considering temporary work to combat the rising cost of living. This trend underscores the growing appeal of flexible employment options among seniors seeking financial security.
- Driving Forces Behind Un-Retirement:
- Increased cost of living prompts one-third of retirees to consider temporary work.
- Working seniors, including those who have never retired, also explore temporary employment options to supplement income.
- Economic Outlook and Employment Trends:
- Inflation surpassing the Fed’s 2% target, coupled with slower job growth, intensifies financial challenges for retirees.
- Indeed Flex highlights the role of flexible work in providing solutions amidst economic uncertainties.
- Rise of Un-Retirement:
- Notable surge in active users aged over 62 on Indeed Flex, signaling the reality of un-retirement.
- Recognition of older workers’ value in the labor force, leveraging their skills and experience.
- Benefits of Flexible Work for Seniors:
- Flexible work arrangements alleviate concerns associated with returning to work post-retirement.
- Indeed Flex offers a user-friendly mobile app for seamless job search and access to a vetted workforce for employers.
- Addressing Financial Challenges:
- Despite Social Security COLA adjustments, retirees find temporary work as a sustainable solution to offset rising costs.
- Novo Constare, CEO of Indeed Flex, emphasizes the viability and long-term benefits of temporary employment for seniors.
As seniors embrace temporary work opportunities to navigate financial uncertainties, the un-retirement trend gains momentum. Indeed Flex emerges as a key player, empowering older workers with flexible job options tailored to their lifestyle. With the promise of financial security and freedom, flexible work continues to redefine retirement norms and shape the future of the workforce.
