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Retired nurse faces ‘difficult’ reality of returning back to work to make ends meet

Inflation continues to cause more Americans to return to work from retirement.

Faced with the harsh reality of rising living costs and rising prices, retired nurse Joyce Fleming was forced to return to work to earn a living.

“It’s difficult,” Fleming said. “Fox & Friends” Tuesday. “I had to go back to a financial advisor just to rebalance my entire household finances. I realized that if I wanted to continue with this lifestyle, I probably needed to add a few more dollars to my budget. And I felt like I was done. To get back to work.”

12% of retired Americans plan to return to work in 2024: Survey

According to a study by Resumebuilder.com, one in eight retirees plans to return to work in 2024, primarily due to higher prices and lower savings.

When asked about his main motivation for returning to work, Fleming cited “increasing costs since the onset of the pandemic.”

“Right before I left, I had gotten a quote for a fence. After I left, I contacted the gentleman to have the fence installed. Due to cost increases, supply issues, etc., it was $2,000 more expensive than the quote. ,” she said. she said.

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According to the Consumer Price Index (CPI) for January, the inflation rate in January increased by 0.3% from the previous month. Prices increased by 3.1% compared to the same period last year.

Core prices, which exclude more volatile measures of food and energy, rose 0.4%, the biggest monthly increase since April 2023. It rose 3.9% for the year.

Retired nurse Joyce Fleming told “Fox & Friends” on Tuesday that high inflation led her to return to work. (Getty Images/Fox News)

Overall, the report shows that inflation has fallen significantly from its peak of 9.1%, but remains above the Federal Reserve’s 2% target.

For Fleming, the best option to deal with rising costs was to get back to work.

“I originally went back to work in a call center at an amusement park, where I was paid a small amount of money, but it wasn’t really that much of a paycheck, and it was a lot of traveling,” she said. explained.

“Then I got another job as a nurse and worked there for a while, but now I’m looking for a job closer to home. I want to be closer to home so I don’t have to pay or have to pay a lot of money. I’m looking for something in a location.”Gasoline prices. ”

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FOX Business’ Megan Henney contributed to this report.

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