ORLANDO, Fla. \u2014\u00a0Retirees often flock to Florida due, in part, to the lack of state income tax and sunshine.<\/p>\n
But retirement doesn\u2019t look the same for everyone anymore, and many older adults are rewriting what it really means.<\/p>\n
What You Need To Know<\/p>\n
Experts say more retirees are returning to work, with workforce participation rising sharply in recent years
\nThey say financial pressures like inflation and limited savings are major drivers
\nSome retirees say they also choose to work to stay mentally active and maintain purpose
\nData shows that retirement is increasingly becoming a flexible phase rather than a permanent exit from work<\/p>\n
More retirees are retiring from retirement, a growing trend that reflects shifting financial realities and personal priorities.<\/p>\n
For some, like 76-year-old Mitch Stein, retirement isn\u2019t about slowing down, it\u2019s about supplementing income. So, he started working for DoorDash.<\/p>\n
\u201cI can see myself dashing long term,” he said. “I applied for all types of jobs \u2014 nobody wants to hire a 76-year-old guy for any kind of long-term, and it costs money to hire somebody.\u201d<\/p>\n
But money isn’t the only driving force for retirees who decided to reenter the workforce.<\/p>\n
\u201cI\u2019m only 67, so for me, my brain, I don\u2019t even want to think about retirement,\u201d said Kim Gabriel, Senior Caregiver with Seniors Helping Seniors.<\/p>\n
She said that for her, working is about purpose.<\/p>\n
\u201cI do have a passion to keep seniors in their homes and being independent as long as they can.\u201d Gabriel said.<\/p>\n
Stein and Gabriel are not alone \u2014 the number of retirement-age Americans in the workforce is growing. According to Resume Builder, in 2020 it was 5%, but\u00a0by 2024, that number jumped to 22%.<\/p>\n
\u201cInflation is ramped, and it is a retirement destroyer and killer if we don\u2019t have a plan for it.\u201d said Oxford Advisory Group co-founder Christopher Dixon.<\/p>\n
Dixon said rising costs and lack of savings are driving the shift for many. But for others, it\u2019s not just about money.<\/p>\n
\u201cSome people just like to work,” Dixon said. “(It) keeps their mental faculties strong. Gives them a little edge to them.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"ORLANDO, Fla. \u2014\u00a0Retirees often flock to Florida due, in part, to the lack of state income tax and…\n","protected":false},"author":2,"featured_media":229532,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[767,274,6507,28,30,29,115,1335,139,278],"class_list":["post-229531","post","type-post","status-publish","format-standard","has-post-thumbnail","category-florida","tag-app-community","tag-app-top-stories","tag-ashley-engle","tag-florida","tag-florida-headlines","tag-florida-news","tag-news","tag-orange-county","tag-orlando","tag-top-stories"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/229531","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=229531"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/229531\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/229532"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=229531"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=229531"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=229531"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}