Core Insights - A significant number of Americans are working past the traditional retirement age, with 19% of adults aged 65 and older currently employed, and this figure is projected to rise to 30% by 2033 [2] - Many retirees express regrets about their financial decisions, leading to a return to work due to insufficient savings and rising living costs [3][7] Group 1: Financial Challenges Faced by Retirees - Increasing support for adult children is impacting retirees' finances, with individuals like Mark Lacy reporting a $400,000 loss in retirement funds due to ongoing financial support for their children [4] - The rising cost of living, including housing and groceries, has forced retirees like Joyce Fleming to seek employment again, as they did not anticipate these dramatic increases [7][8] - Homeownership can lead to financial strain, as seen in the case of Gregory Boulware, who returned to work after purchasing a home with his savings, facing challenges in meeting mortgage payments [5][6] Group 2: Employment Trends Among Retirees - A survey indicates that 13% of retirees plan to return to work in 2025, driven by high costs and inflation [2] - The trend of older adults remaining in the workforce is expected to continue, reflecting broader economic pressures and changing retirement expectations [2]