New data shows that inflation is pushing more retirees to go back to work. According to Indeed Hiring Lab, about 3.2% of workers, about 1.7 million people, who were retired a year ago are rejoining the workforce as of March 2022. In other news, Morgan Stanley Wealth Management’s CIO is warning that the S&P 500 will plunge another 10% this year before bottoming out. “Accelerated Fed tightening has doubled recession probabilities,” CIO Lisa Shalett said. “The bear market bottom may still be 5% to 10% away.”

 

MoneyWise via Yahoo News/Serah Louis
‘There is no more retirement’: Retirees are heading back to work amid soaring inflation — here’s what you need to know

“Unretirement,” or the act of going back to work after retiring, isn’t just for young Buccs like Tom Brady.

About 3.2% of workers, about 1.7 million people, who were retired a year ago are rejoining the workforce as of March 2022.

An April report from the Indeed Hiring Lab shows that the number of retirees heading back into the labor force is returning to pre-pandemic levels.

Yet John Tarnoff, a reinvention career coach based in L.A., says unretirement is an underreported phenomenon that has been going on for years.

Continue reading, here.

 

Business Insider/George Glover
US stocks will fall another 10% before hitting bottom as the odds of a recession have now doubled, Morgan Stanley says

The S&P 500 will plunge another 10% before bottoming out in the current recession-fueled bear market for US stocks, according to Morgan Stanley Wealth Management’s investment chief.

The chances that the US suffers two consecutive quarters of negative economic growth have doubled since the Federal Reserve hiked interest rates by 75 basis points on June 15 — making a stock market downturn increasingly likely, CIO Lisa Shalett said.

“Accelerated Fed tightening has doubled recession probabilities,” Shalett said in a weekly note Monday. “The bear market bottom may still be 5% to 10% away.”

You can read the full article, here.

 

GoldSeek & Wall Street Silver
Protect Yourself With Gold & Silver for the End Game – Bill Holter

Bill Holter, contributor at JSMineSet.com, joins us today to explain why the current system is destined for bankruptcy. We go over the current crypto market as bitcoin lost over 60% value from its ATH, and “stablecoins” de-pegging from the dollar. Furthermore, we go over why you shouldn’t give up on Gold and Silver.

Keep reading, here.

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