article thumbnail

Economic Uncertainty is Driving Baby Boomers Back to the Workforce

Allwork

sped-up their retirement plans due to layoffs, health concerns, and changing work attitudes — contributing to what was termed the “Great Retirement.” Rowe Price’s Retirement Saving & Spending Study, 20% of retirees continue to work full- or part-time, and 7% are actively job searching. economy.

article thumbnail

4 Steps Everyone in Their 20s Should Take to Beat a Potential Recession

Success

According to the Nationwide Retirement Institute, 15% of Gen Zers and millennials “reduced contributions to their 401(k) and similar retirement plans over the last year.” in the first quarter of 2022 and 0.6% On top of that, the market created careers and industries that didn’t exist before. Inflation reached 9.1%

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

4 Ways To Financially Support Your Employees (Other Than Raises)

Allwork

Employee financial stability dropped almost 10 percentage points in 2022; more than half of the country’s workers are living paycheck to paycheck. According to Betterment’s 2022 Financial Wellness Barometer , 64% of respondents claim that financial wellness isn’t about saving for the future or planning for unsuspected situations.

article thumbnail

Is Japan’s Senior Workforce Surge A Glimpse Into The Future Of Global Employment?

Allwork

According to Staffing Industry Analysts (SIA), the data was based on research from Japan’s Ministry of Internal Affairs and Communications, which found that this trend is not isolated to this age bracket alone. In 2022, Japan recorded around 9.1

article thumbnail

What Is the Creator Economy and Where Do You Fit into It?

Success

Kiersten and Julien (@richandregular) themselves left the real estate industry to invest more in being creators through podcasting, blogging, making videos and more. 6 reasons a couple who retired in their 40s were ‘relieved’ they sold their rental properties right before the pandemic ” on Business Insider.

article thumbnail

Worker Confidence Defies Slowing Wage Growth Trends

Allwork

employers offering key benefits like health insurance and retirement contributions. According to Morning Consult, this is particularly prevalent in relatively low-skill industries including food & beverage, leisure & hospitality, and retail. Despite this, U.S. workers remain confident in their ability to negotiate higher pay.

article thumbnail

2023 Financial Forecast: How to Prepare for the Year Ahead

Success

The rate of inflation, or measure of price increases, hit the highest level in more than 40 years in 2022. Inflation likely peaked in 2022, but will probably come down only gradually in 2023—and may not get back to pre-pandemic levels by year-end, Horneman says. Plot smart career moves in a slower economy.

2023 306