Inflation forces retirees to rejoin the workforce 

The S&P 500 moved 8.9% higher last Month, achieving one of its best monthly performances in history.. which is an indicator for profits to continue to improve. I just want my money to keep outgrowing the inflation rate. I'm still looking for companies to make additions to my $500K portfolio, to boost performance. Here for ideas...

The American government should be ASHAMED OF THEMSELVES for allowing seniors to have to work for food and basic necessity. If the government can support a war...then the government should be able to take care of American seniors who have worked all their lives. This is very DISGUSTING.

Both my children are in their 30s and I have already told them that they should be prepared to work well past retirement age because they won't be able to retire at 65. Some people who read this will say, "then they need to start saving now for their retirement" but the truth is, most Americans today cannot afford to save any money when they have to support families on low pay.

Most people don't even hire people over 50 that's how ageist the workforce is not just in the US. I'm glad she's been hired instead of turned away

Depressing, knowing my future is just work till death and no rest.

I went back to work; at 68; eight months ago; part time grocery cashier. It's incredibly hard work and the people who are working get overworked because the stores try to get by with the least amount of staff, or because the other employees just don't show up for their shift.

This is why behavioral health clinic are overloaded and suicide statics get higher. This is an overwhelming situation that our country and even the world are facing right now. Wealthy politicians from both parties destroying this country. I am single mother and work 10-hour days just to survive. My job is mentally and emotionally exhausting and the demand to perform at unrealistic and superhuman levels has me to point where I am facing severe anxiety and stress and that is on top of already living with mental health issues. I stress knowing I can barely support myself and my son and have no opportunity to save. The thought that I have to work until I die and that my son will probably being doing the same is severely depressing. I am sick of politicians making decisions for the country and corporate greed and the media celebrating the Kardashians and other celebrities who want to make comments on work and struggles. I will say growing up in the 80s and 90s and even 2000's life was happier and normal. This is despair and chaos.

This is NOT the American dream. This is turning into a nightmare!! May God bless and keep her.💛

Meanwhile Americas largest Corporations reporting their largest profits in years shocker.

This story is sickening

Even the disability folks are trying to work.

When I got the cost of living increase in my social security check, my subsidized rent went up,my food stamps were taken away and my groceries became more expensive. Gas prices went up.i lost almost three times the cost of icing increase. What happens to those of us who can't work? How are 80-90 year olds going to make it?

It's sad that this lady clearly has leg problems, yet has a job on her feet.

As a 35 year old man, I do not see a bright light 30 years from now. The system in this country is breaking.

This was painful to watch. I'm so sorry, Patty.

At this point, might as well steal and go to prison. This is sickening

Ok how much money did she actually have "saved" for her retirement if it was all gone in 10 months???

If this isn’t a sign to move out of the states when you are able to then I don’t know what is. I will definitely not be spending my elderly years here.

I retired as a teacher. Took one year and Covid hit. I went to work at my favorite garden center, saving my “really old lady” savings for when I really can’t work….love my p/t job and new life!

Half of our seniors that are working can’t even retire because of high prices

I’ve been looking for, and interviewing for, jobs for two years and have zero offers. I’ve applied to everything from retail, grocery, office… I would love to find a job. I have a long work history, college degrees. I believe age discrimination is alive and well in CA. I only have a few months left of savings before I lose my housing. I’m very worried about losing my dogs.

Imagine being retired living out your final years in comfort… then along comes Biden.

$53,000,000,000 to Ukraine in a month, but our grandmothers and grandfathers are forced back into the workforce. *I have nothing against Ukraine,* but how are we supposed to help people across the ocean when we're ignoring those who live down the street from us?

Note to self...SAVE MORE WHILE YOUNG!

America's work til you're dead retirement system 🤣

Our government doesn't care, never has. We are going to get priced out of living. While our officials will live comfortably because of us paying taxes for them to live life to their fullest. They have nothing to worry about!!!

American don't save enough and never have enough money to retire. Often those who do retire are kidding themselves. If you run out of your savings in 8 months at 8% inflation you did not prepare properly. Standard inflation is about 2% a year which means in good times that money would have only lasted 4 years.

I can't understand how i could live in a country with this much injustice and we're supposed to be self governing. What part of ourselves do we want seniors to work?

Families need to join together and keep wealth in the family. Older can watch younger and middle aged can work to support the group. This is how it's supposed to be.

10 years from now the economic situation will be extremely dire. Start your preparations people.

Social Security was never meant to be the only stream of retirement income! People were saying that 30+ years ago when I was a new teacher and I listened!

This is so sad. My heart goes out to them

Seniors are the best employees!

Our best citizens, who’ve worked for a retirement they deserve, have to come out of retirement just so they can live? This is shameful, the government should be ashamed of how they handled the pandemic which in turn led to this terrible inflation. I pray to god these seniors get the help they need, they in no way deserve this

My family in Mexico is literally laughing their heads off. I have a cousin that is an attorney in Chihuahua city in the state of Chihuahua and she came to pick up my aunt and uncle her parents that immigrated to this country from Mexico several years ago to take them back to Mexico. I asked why and she said she was appalled by how they were both working in their 70s to squeeze a living here in the USA. In Mexico their medical is socialized and the rent is a lot cheaper. He comments were in the USA you guys just finance to work and pay off.

Wow this is so sad i hope she finds a job where she won’t have to be on her feet all the whole time

Welcome to the club! 67 yrs old, just trained for an additional career!

I've been saying for years that this will happen. Thankfully my family started preparing before the pandemic.

And i love how these reporters get that caring tone in their voice as if they give a damn...

We have failed our elders

Those who took early retirement cause of Covid are probably regretting it. Sad

A majority of retirees actually voted for this. Apparently they wanted this. Feel sorry for the rest affected who understood bad policies is worse than hurt feelings. But this is how it works. Someone's poor life choices based on feelings and selfishness can destroy you life.

Heartbreaking!

So shameful and disgusted. Some of these seniors from the previous generation shouldn't be working at this age. They need to be taken care after all of the years of their hard work and now this is what they deserve? They are old, weak, and slow so need to be look over. That's it I losing hope for my generation for retirement. Paying all of these taxes and the government are giving billions of $ to foreign countries while Americans are struggling with high rent, gas, and food.

It's transitory

FJB

I’m adjourned by the way we treat our youth and elderly in this country. Our elections are becoming more expensive and influenced by corporate greed. A great number of different centralized interests are influencing ,with great consternation, the individual’s welfare and their will to power. We must stand against this decadence;constantly question our ways of living.

Retirement is a new concept. We usually work until we die. Retirement was created to get old people out the job market so younger people could start their lives.

It seem like more and more companies are short of staff.

Not every retiree needs to go back to work I quit working at the age of sixty-five 3 years ago my only income is social security but I am able to live on that

Famous quote from Tennessee Williams...."You can be young and have no money, but you can not be old and have no money".......

God bless our senior citizens ❤️❤️❤️

My heart breaks for this nice lady. She didn't do anything wrong. Have seen retirees come back to work in the past. Just like now it was beyond their control and I didn't think it was fair then either. When I worked with them I did what I'd do now: be kind and be patient. At least I tried to anyway. Sometimes they need to see for themselves how and why things are different. Also I don't like being judged or labeled, so I try not to do that to anyone else. Edit: hey everyone, thanks for being civil while expression your opinions and debating with each other. Tread lightly on the politics though, okay? I'd like to keep this thread going. To be fair, hindsight is always 20/20. If this lady could do things differently, as described below, she would've. Main point of my comment was to encourage others to be patient and treat people like her with respect.

I think we all saw this coming. 🤕

Yeah, not every senior citizen makes 400k (presidential salary) a year.

I'm on SSDI. I can't work. I live with my boy friend and a shared living family. That's the only way we can survive.

in a lot countries there is no retirement

Work for the city, municipal, state or federal government and get a great pension. Retirement benefits are in the thousands and can start at 55. Ask your retired local police or firemen. They are ones that own boats, wine cellars and have golf memberships. And they have time and money. Some go back to work since only 55 and later get two pensions. You can’t beat the system. 😂.

This is really sad

This is wrong on so many levels. She has put in her time as a cog on the ol American Capitalist wheel. It is time that people who have earned it are compensated properly for It

You know, you don't have to retire in the United States. Or England. Or Canada. Or Australia. You can retire somewhere where the cost of living is super low. I'm not in her position, but if I was, I'd consider just moving to Portugal. Or Costa Rica. Or Panama. Or Belize or one of a number of countries where you can live like a king for as little as $1K per month, something your social security checks should be able to cover easily.

Wonder if the politicians on Capital Hill, the ones that are supposed to be passing bills and legislation to help us, who are supposed to be working for us, will ever have to worry about this. . .

aaand, we in EU work until 75 years, because the pension is not enough to pay for 1-flat bedroom and groceries. Americans all this time lived and spend money like no one else.

God Bless this woman and millions of others just like her. They deserve better!!!

What is baffling about some of these retirees is how they don't know of the programs that can help them. It's great this person was willing and able to go back to part-time work. Many retirees that make average income on social security do have a difficult time. However how is it that they don't know about renters assistance? How is it that they don't know about property tax reductions? How is it that they don't know if they're not making a certain median income that they can get free healthcare? How is it that they don't know that if they're not of retirement age they can go on SSDI or SSI? There's a lot of how is it that they don't know. Here's one example. Every state if a retiree owns a home has some type of program to reduce their property taxes. However the government says that usually only 60% of retirees ever use the program. When a person retires they can't retire their brain! You got to think man. Social security is not even considered income as the government would classify income. That means if you work part-time the income is below the federal poverty level. That opens up a plathora of federal and state programs. However the media never talks about any of this. They only talk about how bad things are and that's the only thing the media is good at.

Sure could go for some mean tweets and $2 a gallon gas right now.

Without getting into specifics; at least a part of the issue is the person themselves. My brother and I are nearly the same age. Talk about a "Tale of Two Cities". He always smoked pot, partied, laughed about going to college. He'd only talk about it so our Mom would give him some old clunker. He wet nursed pretty much his entire life. Finally started working half-time when he was mid-30's. I did the exact opposite. Retiring as an FDIC Bank Examiner after 33 years service, and I work in the Treasury Dept of a major bank. Suffice it to say I'm doing fine and do not need to work in retirement. But, hey, I'm late-50's and no sense chasing a white ball around swacking at it with a club all day. Maybe in 3-5 more years. Oh, my brother's solutions once Mom died and no longer gave him $ ??? The first was to literally fall to his knees crying, begging, clasping his hands. Begging me for money. I told him to get up and at least try to act like a man. Suddenly the tears disappeared and he was fine, BTW. Then, his fallback plan ? He had it all figured out. If I would only work an extra 8 or 9 months past whenever I planned to fully retire; giving the $ to him, why... I'd "Save his life" !!! Wouldn't I do that for my own brother ??? Sniffle, cry. "Fox you" was my response. Then, he referenced knocking himself off; and I told him to make sure to do it outside so he would not mess his house (which Mom gave him) up.... Just ticks me off. As an aside, I haven't spoken with him in three years. Stunningly, he managed to find a full time job and is apparently getting by OK. This is via his daughter, whom I get along great with. Anyway..... All this "Oh Gawd, Oh Gawd ! Whoa is me; no one Nevah did Nuthin' foH me !" BS is just that. At least in his case. Ticks me off. By the way, I got a baseball bat up the you-know-what. Mom's rationale before she died ? She said I would always be fine, but my brother needed "A little help". OMG.

Production down, money printing up. What could go wrong?

Low interest rates on savings don’t help the retired either.

This is sad😢

Love this. I am from China, bought huge house in California. It is so cheap hear, not sure why peeople working.

CAPITALISM IS WORKING GREAT GUYS, THIS SYSTEM IS WORKING SO WELL

thank you Biden... i cant wait to see the next few years

EVERYBODY is reaping EXACTLY what they sowed. ZERO EXCEPTIONS. ZERO EMPATHY.

If she only retired not too long ago less than a year than in my opinion her math wasn't right to begin with and she didn't put away enough in the younger years. It's a very scary situation

Stop focusing on retiring and start focusing on working for yourself. There's no shame in running your own business as an older person. 👍🏼

I work one full time job for health insurance as I was born with asthma. So I have an expense that some don't have, luckily primate mist was put back on the market so I can get an inhaler without a prescription a 2 hour wait in a doctor office and another 1 hour wait at a pharmacy. I also have to work a part time job 3 days a week at a hotel overnight so I can do my school work as it would be a job I can do my school work while working as a hotel isn't the type of job you have to find something to do to help with the insurance premiums and then I drive Uber/Lyft on my time off. I basically have to spend almost every second of my life working just to stay afloat and even then I do fall behind sometimes. This should not be a situation in anyone's life.

I'm 64. She just inspired me. I need an extra income just because of soaring cost of living. Years ago the rate only rose slightly, last few decades it's been sharply. Can't keep up.

Retirement has become an antiquated chapter.

I see why lots of elderly people move to tijuana and beach cities in Mexico now too damm expensive here

This is pretty mess up but she should leave the country like other retired seniors have done and go where your income can last you.

"Build back better" they say. FJB

This is why I started saving in my 26 year old. But I can't even save much since damn bills and other crap

Yes but here's the problem. If you go back to work, you get taxed because you fall into a higher tax bracket. I had a,job after retirement and at tax time, I owed $1500 to the government

This is what socialism gets you:

To bad they can only make so much or they will get a cut in their SSI

The "Golden Years" have turned into the "Survival Years" for many seniors

And yet their grandchildren live in their parents basements refusing to work.

Just vote joe Biden back in he will fix it next go around

Why they don't just do a government program where ours senior citizens get food and shelter so they won't be feeling so sad and depressed and having their minds that they need to work just to have food in their house or pay their bills this is what explodes my mind in America being the United States of America. Knowing that you have the resources to make this possible.

This is wrong!

I work in home care and get $12 an hour....they won’t raise it. It sucks

Well THANK GOD there’s no more MEAN TWEETS! To all those who sarcastically say “Capitalism is working so well.” There’s a reason we’re all fat. And it doesn’t have anything to do with Karl Marx. Maybe take that argument to Caracas where they’re eating their pets and being forced to work in the fields and see if you get some “buy-in”.

No one wants to a be a cop or correctional officer nowadays, but with overtime you can hit 6 figures. Depending on your Tier, your retirement can be 50% of your final years salary, or a percentage of your 3 highest earning years.

CNBC had two articles on how seniors were not going to be hit as hard as the rest of the population - BS. Those on a fixed income will be hit the hardest. I am trying to go back to work and I am eating two meals a day. Guess what I think about CNBC?

Wow this is so sad. Only retired for 10 months before being unretired.

We need to bring back child labor too.

This is what happens when you print trillions in handouts and tell everyone it’s ok to not pay rent.

Many other countries do not expect there citizens to work like this country does !!!!

that nine trillion dollars that our government gave to billionaires, and corporations didnt' have ANYTHING to do with inflation. this is the result of poor brown people in Africa, or Asia needing too much help, and since we have to help the world out of it's resources we had to raise prices because they wanted to help the poor. perfectly logical explanation