According to a federal analysis, the COVID pandemic forced 3 million more Americans than usual to retire early. The US is currently struggling with unprecedented labor shortages, and it seems that younger workers aren’t to blame, but aging ones. Experts say that the number of older workers leaving the workforce early is growing, which pretty much affects the country’s economy.

And while the economy’s situation may do little to persuade aging workers to stay in their jobs for a bit longer, consider this: It becomes increasingly evident that retiring early doesn’t always mean a few more years of traveling, fishing, margaritas on the beach, and golf.

From your happiness and health to financial burdens, consider the risks before deciding to retire early, especially as the cost of living increases due to inflation.

Here are 9 reasons why you shouldn’t retire early!