Rising inflation, signing bonuses luring older workers back

New Jersey saw the largest jump in older adults in the workforce since the beginning of the pandemic, and North Dakota saw the biggest dip.

By Alan Goforth | June 24, 2022 at 07:00 AM

The pandemic triggered an exodus from the workplace, as many older workers lost their jobs because of the economic downturn or chose to retire. As the pandemic winds down, however, many of them are returning to work.

Although the number of retired Americans 65 and older is nearly 3 percent higher than in 2020, the number of working older adults is more than 2 percent points higher, reflecting the broader economic recovery and strong labor market conditions. Several reasons may help explain the reversal:

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Self-funded healthcare is a health plan strategy that offers a number of advantages to employers over fully insured health plans, including new opportunities for cost containment, increased transparency, greater flexibility and more control over health plan design--all of which are reviewed in this guide.

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