If you are seriously contemplating getting back into the work force, especially if you have not worked for 10-20 years, not only will you face stiff competition from younger job applicants, but there is also the question of qualifications, says Fu. - 123rf
Just like the younger generation, older folks need jobs too. The longer life expectancy of 73.8 years (71.5 years for males and 76.3 for females) is both a boon and a bane. EPF savings and pensions are simply not enough to see recently retired workers through.
There are housing and car loans to pay off, insurance premiums and credit card debts to settle. Many still have to support their elderly family members and cover the latter’s medical expenses. As it is, we are already complaining about escalating prices and soaring expenses. With inflation eating into our nest egg, we just have to rethink our options – full retirement or reemployment?
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