Baby Boomers and Working After Retiring
Many Baby Boomers find themselves needing to work in retirement in order to make ends meet. Females make up more of this demographic than males. This is because of many reasons that have all compounded to leave females with lower retirement savings and lower Social Security benefits on average. The recent recession was a big driver overall, leaving many workers dipping in to savings during the tough times. This means that they had to rebuild their savings in a limited amount of time as they neared retirement age. For women, however, this was doubly affected by the historically lower wages that they earned when compared to men. For more information, visit this article by Casey Dowd with Fox Business.