Boomerang retirees head back to work to make ends meet

A look at retirees who have found themselves in 'financial limbo'

clock • 2 min read

Over 50s who retired during the pandemic are eyeing a return to work in order to cover their cost of living, research by the Office for National Statistics (ONS) shows.

The ONS looked at people aged 50 to 65 years old who had left or lost their job since the start of the coronavirus pandemic, and who would consider returning in the future.  It found the number of adults aged 50 to 59 years who were thinking about returning to work increased dramatically between February and August 2022, from 58% to 72%. UK inflation rose to double digits and energy prices surged in this period, following the Russian invasion of Ukraine in February. Of those thinking about returning, the majority said they were struggling financially. They were significantly les...

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