<p>The Baby Boomer generation stretched from 1946 to 1964. That means members are now 59 to 77 years old, and nearly 10,000 Boomers reach retirement age &#8212; 65 &#8212; each day.</p>
<p>But in the age of President Joe Biden &#8212; with inflation soaring double digits, interest rates skyrocketing, and investment portfolios sagging &#8212; a lot of those older Americans are being forced to &#8220;unretire.&#8221;</p>
<p>&#8220;Unfortunately, the inflation-driven affordability crisis and the Federal Reserve’s interest rate hikes meant to combat inflation have driven housing costs higher,&#8221; USA Today reported this week. &#8220;As a result, retirees are moving back into the labor force. According to a <a href="https://12ft.io/proxy?q=https%3A%2F%2Fwww.usatoday.com%2Fstory%2Fopinion%2Fvoices%2F2023%2F05%2F28%2Finflation-government-spending-are-pulling-boomers-out-of-retirement%2F70254240007%2F" target="_blank" rel="noopener">survey</a> by Paychex, 55% of retirees who went back to work said they did so because they needed more money, and 1 in 6 retirees is considering returning to work.&#8221;</p>
<p>&#8220;Most would want to work full-time (65%) instead of part-time (35%). This could be due to a need for more money — the reason cited by 53% of respondents,&#8221; Paychex <a href="https://12ft.io/proxy?q=https%3A%2F%2Fwww.usatoday.com%2Fstory%2Fopinion%2Fvoices%2F2023%2F05%2F28%2Finflation-government-spending-are-pulling-boomers-out-of-retirement%2F70254240007%2F" target="_blank" rel="noopener">reported</a>. Some 55% of retirees went back to work because they said they needed more money.</p>
<p>The endless crunch since Biden took office &#8212; inflation soared 9.1% in June 2022 year-over-year and housing costs were 8.1% higher in April compared to a year earlier &#8212; has pinched seniors. Of course, Biden and Democrats have done nothing to address skyrocketing health care costs, which means older Americans are being hit from every side.</p>
<p>Plus, Biden and congressional Democrats passed the so-called Inflation Reduction Act, which didn&#8217;t offer a bit of help for the rising cost of food, housing, or energy prices. The latest debt deal passed on Wednesday will also deliver no relief whatsoever.</p>
<p>It&#8217;s been a perfect storm hammering seniors. Along with the soaring cost of living, &#8220;many older adults find themselves in deteriorating financial positions due to massive stock market losses in 2022,&#8221; USA Today reported. Last year, more than $12 trillion in wealth disappeared as the Dow dropped 8%, the S&amp;P 500 19.4%, and Nasdaq 33%.</p>
<p>An AARP <a href="https://www.aarp.org/pri/topics/work-finances-retirement/financial-security-retirement/financial-security-trends-survey-wave2/" target="_blank" rel="noopener">survey</a> late last year found more than a third of people 65 and older said their current financial situation at midyear was worse than a year before. That represented a massive jump from the beginning of 2022, when just 13% of that age group said so.</p>
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<p>To keep pace, Social Security and Supplemental Security Income (SSI) benefits were increased 8.7% at the beginning of 2023, but even that hasn&#8217;t been enough.</p>
<p>This is the danger of having a senile, out-of-touch president who has no clue what living in America is all about. Biden became a multi-millionaire while serving in the Senate and now has chefs &#8212; paid for by you, of course &#8212; prepare his every meal. He doesn&#8217;t have a clue what a dozen eggs or a gallon of gas costs.</p>
<p>And just so you know, there&#8217;s no help on the way. In Biden&#8217;s America, you&#8217;re on your own, and he&#8217;s not even going to try to fix anything.</p>
<p><em>The views expressed in this piece are the author’s own and do not necessarily represent those of The Daily Wire.</em></p>
<p><em>Joseph Curl has covered politics for 35 years, including 12 years as White House correspondent for a national newspaper. He was also the a.m. editor of the Drudge Report for four years. Send tips to josephcurl@dailywire.com and follow him on Twitter @josephcurl.</em></p>

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Soaring Bidenflation Forcing Older Americans To ‘Unretire,’ New Poll Finds