Should You Delay Retirement in 2025? Inflation & Layoffs

When planning beats winging it: the 2025 retirement reality check

Two near-retirees, same birth year, same savings number. One has a flexible plan with a 3-5 year cash buffer, a spending throttle, and a clear “if X then Y” playbook. The other? Hoping markets behave, inflation calms down, and the boss doesn’t call them into a surprise HR meeting. In 2025, that gap isn’t theoretical, it’s the whole ballgame.

Here’s why. Inflation cooled off from the 2022 spike, but it hasn’t gone back to the pre-2020 “sleepy” regime. The Bureau of Labor Statistics shows headline CPI peaked at 9.1% year-over-year in June 2022, while the 2010-2019 average was about 1.8%.* This year, inflation has been sticking in the low-3% range (varies month to month), which is better than the peak but still higher than the old normal. On jobs: layoffs remain uneven. Nationally, the JOLTS layoff rate has hovered near ~1.0% in recent years (2024-2025 levels are in that neighborhood), but tech, media, and cyclical manufacturing have seen more churn than healthcare, government, and education. So yes, your sector matters.

Now the before/after. With a 3-5 year cash buffer, basically years of baseline expenses in high-quality cash/T-bills, you can absorb a layoff or a market wobble. Annoying? Sure. Fatal? No. Your equities can ride; your bond ladder keeps the lights on. Without that buffer, every inflation print or earnings headline feels existential. You start checking futures at 5:12 a.m. (been there) and the plan starts planning you.

The real question isn’t “retire now or delay?” It’s: What risk premium am I being paid to delay? Said plainly, if you work another 12-24 months, are you being compensated for the sequence-of-returns risk you’re avoiding, the extra savings you’ll add, and the higher Social Security credit you’ll lock in? Or are you just paying an anxiety tax with no expected return? Quick reminder: delaying Social Security from 62 to 70 raises the benefit roughly 6-8% per year of delay (that’s the SSA formula). That’s a measurable premium; delaying out of habit is not.

Also, timing is a range, not a date. Your plan needs dials you can turn, not a single switch. In practice, that means:

• Cash buffer: 3-5 years of core spending in cash/T-bills so inflation spikes and layoffs don’t force asset sales.
• Spending throttle: a pre-set 5-10% cut you can toggle in rough markets (and then restore).
• Work flexibility: part-time or consulting as a bridge year if your sector’s layoff risk rises.
• Claiming choices: Social Security timing and withdrawal order that can shift with markets and rates.

We’ll map those dials to this year’s reality, sticky-but-cooler inflation, uneven layoffs, higher-for-longer cash yields, so you can answer the actual “should-i-delay-retirement-with-inflation-and-layoffs” question with numbers, not nerves. And just to circle back on that earlier point: you don’t need certainty; you need a buffer and levers. The rest is just disciplined adjustments.

*Sources: BLS CPI (June 2022 peak 9.1% YoY); 2010-2019 CPI averaged ~1.8%. JOLTS layoff rate has been near ~1.0% nationally in recent years; sector dispersion persists in 2025.

Inflation and layoffs: what actually matters for your math right now

Headlines yell. Your plan needs variables. Start with inflation context you can actually use. CPI year-over-year peaked at 9.1% in June 2022 (BLS, 2022). It cooled through 2023-2024 and, while better this year, it’s still higher than the 2010s average of roughly 1.8% (2010-2019). Translation: don’t anchor your future costs to the “cheap 2010s.” Anchor them to something closer to recent reality; not apocalypse, not nostalgia.

Focus on real returns, not nominal hype. If a portfolio model shows 6% nominal, it only matters after inflation. At a 3% inflation assumption, 6% nominal is ~3% real. That’s the number that funds groceries. So test withdrawals against real returns: for example, a $1,000,000 portfolio at 3% real supports ~$30,000 in inflation-adjusted withdrawals, not counting Social Security. If markets deliver 2% real for a stretch, the safe take falls to ~$20,000 per million. Simple, a bit sobering, but actionable. I keep a sticky note that literally says “real, not nominal.”

Rates cut both ways. Yes, rates are still higher than pre-2020 levels. That helps bond income and cash, T-bills and money markets have been paying meaningfully more than the 2010s. But it also means mortgages and credit costs bite. Late last year, the average 30-year mortgage hovered around the high-6% to ~7% area (Freddie Mac, 2024), and card APRs ran north of 20% in 2023-2024 (Federal Reserve G.19). If you carry a balance or face a refi, build those higher costs into your cash flow. If you’re a net saver, give your short-term sleeve credit for the fatter yield. Both things are true; both belong in the spreadsheet.

Job risk isn’t binary. Planning as if you’ll either have perfect employment or zero income is… not how real careers unfold. The JOLTS layoff rate has hovered near ~1.0% nationally in recent years, but dispersion by industry is real in 2025. Treat work like a dimmer switch: maybe a 6-18 month search, a stint of contract work, or 50% hours at 60% pay for a season. In the plan, run a downside where earned income drops by, say, 40-70% for a year, then normalizes. That one tweak has saved more retirement timelines than any fancy Monte Carlo setting I’ve ever toggled.

Not all inflation is created equal. Healthcare and housing can outrun headline CPI. Medical costs and premiums, for example, have a habit of jumping in chunks; KFF reported a 7% increase in the average family premium in 2023. Shelter inflation ran hotter than headline CPI through parts of 2023-2024. So stress-test those categories separately: use a baseline CPI (say 2.5-3.0%) for most goods, then layer 4-6% for healthcare and 3-4% for housing if you’re renting or planning a move. If you’re locked into a low mortgage, lucky you, still, budget for taxes, insurance, and maintenance running ahead of CPI some years, because roofs don’t care about your forecast.

Put it together. Build a “real return” case (2-3% real), a “sticky inflation” case (headline +1% on healthcare/housing), and an “employment flex” case (6-18 months partial income). Then add a spending throttle of 5-10% you can toggle. When the numbers work across those cases, the should-i-delay-retirement-with-inflation-and-layoffs question gets quieter. And if the math is close, consider a small bridge: part-time work or a temporary cut in discretionary spend. Not heroics, just giving compounding and cash a little more runway while the noise passes.

*Data notes: CPI peak 9.1% YoY in June 2022 (BLS). 2010-2019 CPI averaged ~1.8% (BLS). JOLTS layoff rate ~1.0% nationally in recent years (BLS JOLTS). 30-year mortgage rates around high-6% to ~7% in late 2024 (Freddie Mac). Credit card APRs >20% in 2023-2024 (Federal Reserve G.19). Sector risk dispersion remains notable in 2025.

Should you delay? Run the 5-number test before deciding

Should you delay? Run the 5-number test before deciding. This turns “I’m worried” into a simple yes/no/maybe. Grab a pad. Five numbers. No hero math.

1. Essential spend (needs): What does it cost to keep the lights on, food on the table, roof insured, Medicare/ACA premiums paid, basic transport, and taxes? Annualize it. Round up. If you think it’s $72k, call it $80k. Health costs have a way of being sticky, and headline CPI may cool but specific categories like healthcare and housing often run hotter. For context, CPI peaked at 9.1% YoY in June 2022 (BLS), while 2010-2019 averaged ~1.8% (BLS). Your budget should respect that spread.
2. Discretionary spend (wants): Travel, dining, gifts, home upgrades, the golf membership. Tally it separately. This is your throttle. If layoffs or markets get choppy, this is where you can trim 5-10% for a year without blowing up your lifestyle. I’ve done this personally, skipped a big trip in 2022 when airfare went bananas. Didn’t love it. Survived.
3. Guaranteed income (SS, pensions, annuities): Add it up at the likely start dates. Social Security grows with delayed retirement credits, about 8% per year between Full Retirement Age and 70 (SSA). If you’re 66 and can wait a year or two, that’s real money. Just don’t forget survivorship choices and COLAs. Compare this number to your essentials from #1. If guaranteed covers 80-100% of needs, sequence risk drops a lot.
4. Liquid buffer (years of cash/short-term bonds): Target 3-5 years of essential expenses in cash, T-bills, CDs, and short-term bond funds. Not because cash is exciting (it’s not), but because it keeps you from selling equities after a 20% drawdown in year one. That’s the retirement math killer. If essentials are $80k and Social Security covers $30k, your “gap” is $50k; three to five years means $150k-$250k in short duration. Yes, yields are better than they were in 2021, but stay honest about reinvestment risk.
5. Portfolio mix and sequence risk: Write your equity/bond/alt split on one line and your first-5-years withdrawal plan on the next. Can this mix fund the gap with minimal selling if stocks drop 20-30% in year one? Sector dispersion is still a thing in 2025, which helps and hurts depending on your concentration. If your answer is “maybe” or “not really,” that’s a signal.

Now, one blunt question: if a layoff hit today, can you cover health insurance + essentials for 12-18 months without selling stocks into weakness? Keep in mind, the national layoff rate has hovered near ~1.0% in recent years (BLS JOLTS), but your personal risk isn’t the national average, your industry and tenure matter. If the answer’s no, leaning toward delay makes sense. Even a six-month cash ramp can change the picture.

Model two paths (yes, back-of-the-envelope works):

• Path A: retire now with a 3.5-4.0% starting withdrawal. Assume a modest “real return” case of ~2-3% after inflation, which is consistent with long-run balanced portfolio assumptions. Stress it with a year-1 equity drawdown and a trimmed discretionary budget.
• Path B: delay 12-24 months, keep contributing, maybe capture higher Social Security, and arrive with 1-2 extra years of cash-like assets. Run the same stress. Which path shows lower failure odds and fewer ugly years? In my notes with clients last year, a 12-month delay often moved “probability of shortfall” by 5-10 percentage points in simple models. Not perfect science, but directionally helpful.

Taxes matter, timing isn’t just markets. One more high-income year might crowd out Roth conversions and push you into higher brackets, or even bump Medicare IRMAA later. A low-income sabbatical year can be golden for partial Roth conversions and capital gains harvesting. If you’re staring at a bonus Q1 next year, consider whether retiring a few months earlier or a few months later reshapes your 2025-2026 tax windows. I know, not exciting, but the after-tax cash flow is what buys groceries.

Decision rule I actually use: If guaranteed income covers ≥70% of essentials, and you hold 3-5 years of the remaining gap in cash/short-term bonds, and you can ride out a 20% equity drop without selling stocks for 12 months, green light or “maybe now.” If any two of those fail, delay is usually the smarter, lower-stress move. Not forever, just long enough to thicken the buffer and lock in better Social Security math.

*Data notes: CPI peak 9.1% YoY in June 2022 (BLS). 2010-2019 CPI averaged ~1.8% (BLS). JOLTS layoff rate ~1.0% in recent years (BLS). 30-year mortgage rates sat around the high-6% to ~7% range in late 2024 (Freddie Mac). Credit card APRs >20% in 2023-2024 (Federal Reserve G.19). Social Security delayed credits ~8%/yr from FRA to 70 (SSA). Sector dispersion remains notable in 2025.

Social Security timing when work is wobbly

If your job doesn’t feel rock solid, and plenty of folks feel that way this fall, tie your claiming decision to buffers and risk, not rules-of-thumb. The anchor remains the same: delaying to age 70 still raises your monthly benefit via delayed retirement credits of about 8% per year from Full Retirement Age to 70 (SSA). That higher benefit then rides the annual cost-of-living adjustments. Recent history is a good reminder: the COLA applied to 2023 benefits was 8.7% and 3.2% for 2024 (SSA). Those boosts compound on a bigger base if you wait.

But I’m not going to pretend delay is always the right move when your paycheck might vanish. If layoffs are a live risk, use a simple guardrail: plan to delay, but pre-commit to claiming earlier only if cash reserves drop below a floor. For example, set the floor at 12-18 months of essential expenses. If you’re above the floor, keep delaying and let the benefit grow with credits and COLAs. If markets hiccup or a pink slip hits and your reserves fall through the floor, you claim, no guilt, no second-guessing. It’s an unemotional trigger that keeps you from selling stocks in a drawdown or racking up 22% APR credit card debt. (Yes, card APRs north of 20% were common in 2023-2024 per Fed G.19.)

Quick reality check on the labor picture: the JOLTS layoff rate has hovered near ~1.0% in recent years (BLS). That average hides big sector dispersion, which 2025 keeps reminding us. If you’re in a cyclical or shrinking niche, weight the guardrail more heavily. If you’ve got strong tenure in a sticky role, you can push the delay a bit farther. Not perfect science, just practical.

Claiming before Full Retirement Age? Mind the earnings test. The SSA withholds benefits if your work income exceeds an annual limit. It’s not a tax; they adjust your benefit upward later to make you whole over time. The limits reset each year. For reference, the 2024 thresholds were $22,320 for those under FRA and $59,520 in the year you reach FRA (SSA). If you think you’ll work part-time or consult, pencil those numbers in when you run the cash flow.

Married? Here’s where the “insurance” value often beats the breakeven spreadsheet. If the higher earner delays, the survivor benefit for the spouse can be materially larger for life. That’s hard to price with precision, but it’s real household risk management, like buying longevity insurance you can’t outlive. I’ve seen plenty of couples sleep better when the higher benefit is locked in for the second half of the marriage, even if the breakeven age math looks tight.

Taxes are the other lever. Social Security taxation depends on provisional income (AGI + tax-exempt interest + 50% of your benefits). The thresholds, $25,000 single and $32,000 married filing jointly, haven’t been indexed since the 1980s. Up to 85% of your benefit can be taxable under current law. Coordination is where you can win: in lower-income years, draw from IRAs strategically or convert to Roth to keep provisional income in a friendlier band, which keeps more of your benefit untaxed. And remember, Required Minimum Distributions generally start at age 73 under current law, so using the pre-RMD window smartly matters. This is where a one-year tax map for 2025 and 2026 earns its keep.

One more plain-English pass, because this can get too wonky fast. If your job might wobble, set a cash floor and delay SS while you’re safely above it. Watch the earnings test if you claim early and still work. If you’re married and the higher earner, prioritize the survivor benefit. And use the 2025-2026 tax window to manage provisional income, IRA withdrawals, and Roth moves so the IRS doesn’t take a bigger slice of your check than necessary. Simple, not easy, I get it, but it’s a cleaner way to make the call without being whipsawed by every headline.

*SSA COLA: 8.7% for 2023 benefits; 3.2% for 2024 benefits (SSA). Delayed retirement credits ~8%/yr from FRA to 70 (SSA). Earnings test reference limits for 2024: $22,320 general; $59,520 in the year you reach FRA (SSA). JOLTS layoff rate ~1.0% in recent years (BLS). Credit card APRs >20% in 2023-2024 (Federal Reserve G.19).

Portfolio moves that work in 2025 conditions

Here’s the plain-English translation from the macro to actual allocation, income, and risk controls. The enemy early in retirement is sequence risk, ugly returns in your first 3-5 years that force you to sell at bad prices. You don’t beat sequence risk with clever stock picks; you beat it by not being a forced seller. That means a cash/T-bill/TIPS ladder for near-term withdrawals so equities can recover on their own clock, not yours.

• Fund 2-5 years of withdrawals in a ladder: Start with 6-12 months in FDIC cash for bills and surprises, then 3-6 month T-bills rolling, then TIPS maturing each year. This year, short T-bills have hovered around the mid-4s to ~5% for much of 2025, which is real income again without gymnastics. If stocks wobble, you’re spending the ladder, not your S&P shares.
• Lock real income for the “fragile decade”: A 5-10 year TIPS ladder can match known, non-discretionary spending in today’s dollars. Real yields have been positive again since 2023; even 5-10 year TIPS frequently traded around 1.5-2% real earlier this year, which makes the math work. Match maturities to your spending years 1-10; let equities handle growth for years 11+.
• Bonds matter again: Intermediate Treasurys and high-quality corporates pay better than the 2010s. Keep duration moderate (call it 4-6 years) and credit high (investment-grade). You don’t need to stretch for junk to fund the buffer. And no, a 7% yield on a shaky single-B bond is not “safe income.”

On equities: don’t overreach for dividends. Yield-chasing got people into value traps in 2020-2022 and it can do it again. Focus on total return and smart tax placement. Qualified dividends belong in taxable accounts when the 15% qualified bracket applies to you; ordinary interest is usually better in tax-deferred. I know, it’s fiddly. But after-tax return is the only return that pays for groceries.

• Tax placement matters: Place Treasurys/IG corporates inside IRAs when possible; hold broad equity index funds in taxable to harvest losses and use the 0%/15% qualified dividend/long-term gains brackets when they apply. The 2025-2026 window before scheduled TCJA sunset is your friend for Roth conversions and capital-gains harvesting.
• Consider partial annuitization, carefully: After you’ve covered a 2-5 year cash/TIPS buffer, a partial SPIA or DIA can stabilize income. Lock in the basics; keep flexibility for health shocks. Illiquidity can bite at the worst time, and it usually bites when medical stuff hits. So, buffer first, annuity second.

And a couple reality checks I keep taped to my monitor. Credit card APRs ran above 20% in 2023-2024 (Fed G.19). If you’re carrying a balance, paying that off is a risk-free “return” that beats almost any bond fund this year. Also, layoffs run low on average, JOLTS has shown roughly a ~1.0% layoff rate in recent years, but the risk is lumpy and personal. A cash floor means you won’t be forced to liquidate at a low if your industry hits a rough patch.

What this looks like in practice, yes, I’m repeating myself on purpose because it works:

1. Years 1-2 spending in cash and rolling T-bills.
2. Years 3-7 in a TIPS ladder matched to known needs (rent, healthcare premiums, property tax).
3. Remainder split across global equities and an intermediate, high-quality bond sleeve. Rebalance into drawdowns from bonds to stocks, not the other way around.
4. Only after the buffer is funded, consider a 10-25% partial SPIA/DIA for baseline income.

Could you squeeze a bit more with dividend tilts or BBB credit? Maybe. But the goal is to shrink the odds of a bad first-five-years outcome. Sequence risk is enemy #1. Structure the cash flow so markets can do their moody, messy thing while you keep getting paid. And keep it boring, boring is good when your paycheck’s on the line. I say that as someone who learned the hard way in 2008; the ladder is what lets you sleep.

Short T-bill yields near ~5% for parts of 2025; TIPS real yields positive since 2023. Credit card APRs >20% in 2023-2024 (Federal Reserve G.19). JOLTS layoff rate ~1.0% in recent years (BLS).

Okay, so do you delay? Here’s how to decide this week

Okay, so do you delay? Here’s how to decide this week. Quick and dirty workflow you can actually do before Friday, coffee in hand.

1. Check your runway. Tally non-negotiables: rent/mortgage, food, utilities, healthcare premiums, taxes, insurance. Build a 24-36 month cash + short-duration bond runway for those essentials. If you’ve got under ~18 months? Favor delaying, or pick up part-time. Why so much cash-ish? Short T-bill yields hovered near ~5% at points this year, and TIPS real yields have been positive since 2023, so you’re not getting punished for safety. The layoff rate has been around 1.0% in recent years (BLS JOLTS), and unemployment sits around 4%, not scary, but not bulletproof either.
2. Run two plans. In your planning software or with an advisor, model “retire-now” vs “delay-12-24 months.” Update with current spending (not the budget from two years ago), real healthcare premiums (COBRA vs ACA), and today’s portfolio. Yes, it’s a little annoying to maintain two paths, do it anyway. You’ll see the trade: one more year of earnings can lift success rates more than people expect, especially when sequence risk is the enemy.
3. Map your taxes. Sketch a 5-year Roth conversion plan for the low-income years (usually the gap between retirement and RMDs/SS). Watch brackets and the 2-year lookback on Medicare IRMAA. Ask: will this conversion nudge me into IRMAA surcharges? If the answer is “maybe,” convert less. Credit card APRs have been north of 20% in 2023-2024 (Fed G.19), so also kill any revolving balances first, your Roth can wait a quarter; 22% APR won’t.
4. Write your claiming rules, on paper. Pick a target Social Security claim age. Set a reserve threshold that would trigger earlier claiming (say, if the cash ladder drops below 12 months). If you might work, note the earnings test applies before full retirement age; avoid a messy giveback because a freelance gig did better than expected. Simple rules reduce panic decisions.
5. If you get laid off. File for unemployment if you’re eligible, don’t be proud, be practical. Price COBRA vs an ACA plan on your state exchange; sometimes COBRA’s network is worth it for a few months, sometimes the ACA silver plan wins. Cut discretionary spend 10-15% temporarily. Pause equity selling while you rebase the plan; refill cash from maturing T-bills instead. I know, that sounds fussy. It’s not, it’s a week of admin that buys you years of flexibility.
6. Schedule quarterly check-ins. Put them on the calendar, seriously. Rebalance inside bands, refill the cash ladder from bonds, and revisit the retirement date based on your job market and portfolio, not headlines. Headline CPI is running low single digits this year; markets are moody anyway. Your plan shouldn’t whip around with every data print.

Is this overkill? Maybe a touch. But the cost of being roughly right here is small, and the upside is big. If your runway is short (<18 months), delaying or going part-time for a year or two is the cleaner answer. If your runway is strong (24-36 months) and your two-plan test shows similar outcomes, retire now and stop second-guessing. You won’t time it perfectly, I certainly haven’t in my own life, but with these rules, you don’t need perfect. You need repeatable, and you need around 7% fewer surprises. Yea, I made that last number up, but you get the point.

BLS JOLTS layoff rate ~1.0% in recent years; short T-bill yields near ~5% at points in 2025; TIPS real yields positive since 2023; credit card APRs >20% in 2023-2024 (Federal Reserve G.19). Medicare IRMAA uses a two-year income lookback (check 2025 brackets).

Frequently Asked Questions

Q: How do I build a 3-5 year cash buffer and set a spending throttle like you describe?

A: Start with your true baseline expenses (housing, food, insurance, utilities, taxes). Multiply by 36-60 months to size the buffer. Park it in a ladder of T‑bills/CDs/HYSA: for example, 6-12 months in HYSA for immediate cash, then a rolling ladder of 4-13 week T‑bills on auto‑roll for years 1-2, and 6-24 month CDs/T‑bills for years 2-5. Keep the rest of the portfolio invested so equities can ride through volatility. The throttle is your rulebook: e.g., if portfolio is down &gt;10% on a trailing 12‑month basis, cut discretionary spending by 5-10% and pause big purchases; if it’s up &gt;10%, refill the cash bucket back to 3-5 years. That’s the spirit of the article’s “if X then Y” playbook, pre‑decide the moves so you’re not stress‑refreshing futures at 5:12 a.m. (been there).

Q: What’s the difference between delaying retirement and just delaying Social Security?

A: Two different levers. Delaying retirement means you keep earning, avoid withdrawals, add savings, and reduce sequence‑of‑returns risk, exactly the “risk premium to delay” idea in the piece. Delaying Social Security is a benefit math decision: for someone with a full retirement age of 67, claiming at 62 pays about 70% of your primary insurance amount, at 67 it’s 100%, and at 70 it’s roughly 124% (about +8% per year after FRA per SSA rules). You can retire but delay SS (spend from the cash buffer/portfolio), or keep working and still delay SS, those paths have different tax and risk profiles. Run breakeven on SS at about age 78-80 and weigh that against your portfolio risk and sector layoff odds the article mentions.

Q: Is it better to retire now or work 12 more months if my sector’s layoff risk is high?

A: Directly: if you don’t already have (a) 3-5 years of expenses in cash/T‑bills, (b) a written throttle, and (c) clarity on health insurance, it’s usually better to work 6-12 more months. In choppier sectors, tech, media, cyclical manufacturing, the “premium” for avoiding a bad first‑year drawdown is real. Each extra year can add one more year of cash buffer, new savings, and potentially a higher SS check later. If you do have the buffer and the rules, retiring now can be fine even with 2025’s low‑3% inflation backdrop and uneven layoffs (the JOLTS layoff rate has hovered near ~1% nationally, but sector dispersion matters). Quick gut‑check: if a 15% market drop in year one would force you back to work, you’re probably not ready yet.

Q: Should I worry about 3% inflation wrecking my withdrawals, or are there tax moves that help?

A: Worry a little, plan a lot. At ~3% inflation, use a guardrails approach: start around a 3.5-4.0% withdrawal, give yourself a 10% raise/cut band based on portfolio moves, and hold years 1-5 in cash/T‑bills, years 6-10 partly in TIPS/I‑bonds, and equities for growth beyond that. Now the tax edge (new but important): if you delay retirement or Social Security, use the “gap years” to do partial Roth conversions up to a target bracket, watch Medicare IRMAA thresholds two years ahead, harvest capital gains in the 0% bracket if available, and place TIPS/I‑bonds in tax‑advantaged accounts when possible. Pre‑65, compare ACA subsidies vs. IRA withdrawals; post‑65, coordinate withdrawals with IRMAA bands. Those moves can add as much durability as an extra 0.5-1.0% of return, yea, boring paperwork, but it compounds. Btw, write these rules down so you don’t improvise mid‑storm.

@article{should-you-delay-retirement-in-2025-inflation-layoffs,
    title   = {Should You Delay Retirement in 2025? Inflation & Layoffs},
    author  = {Beeri Sparks},
    year    = {2025},
    journal = {Bankpointe},
    url     = {https://bankpointe.com/articles/delay-retirement-inflation-layoffs/}
}