Could the 2024 COLA Incentivize More Seniors to Un-retire?

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Here at NORA, we’ve previously discussed the trend of seniors un-retiring.

It’s a movement that’s resulted from rising costs in retirement. What’s more, it came about during a time when the 8.7 percent cost-of-living adjustment (COLA) of 2023 broke records.

Now that the 2024 COLA has been announced as 3.2 percent, less than half of last year’s number, will more seniors return to the workforce?

Some families are finding it hard to make ends meet. Even those who worked for decades and saved responsibly may not be able to make it on the benefits they’re receiving now. What do you think about un-retirement?

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