Unretirement is once again trending up and returning to levels that we haven’t seen since before the pandemic. Unretirement is a phenomenon in which someone who retires enters back into the labor market within a year. The unretirement rate reached 3.2 percent last month, compared to pandemic levels of just 2 percent. The image below shows the unretirement rate from 2019 to 2022.  The rise in unretirement could be attributed to several factors including the rising cost of living, rising inflation, and the return to in person events following shutdowns caused by the pandemic. Plus because the current job market Continue reading Unretirement

The European Pension Problem and what the U.S. should Learn from It

[This post was written for Sound Economics by Geremia Lizier-Zmudzinski] The 20th century saw a rise in global prosperity as medical and economic advancements contributed to vast improvements in the life of the average person. However, they haven’t come without unintended consequences – one of which is now very obvious in Europe. Thanks to rapid progress in medicine and health care, life expectancy across European countries has risen from 69 to 80 since the 1960’s. Meanwhile, as industrialization, global trade, and technological improvements, to name just a few factors, have improved the quality of everyday life, people are less inclined Continue reading The European Pension Problem and what the U.S. should Learn from It