Traditionally, retiring entails leaving the workforce permanently. However, experts found that the very definition of retirement is also changing between generations.

About 41% of Gen Z and 44% of millennials — those who are currently between 27 and 42 years old — are significantly more likely to want to do some form of paid work during retirement.

This increasing preference for a lifelong income, could perhaps make the act of “retiring” obsolete.

Although younger workers don’t intend to stop working, there is still an effort to beef up their retirement savings.

It’s ok! Don’t ever retire! Just work until you die, preferably not at work, where we’d have to deal with the removal of your corpse.

  • squiblet@kbin.social
    link
    fedilink
    arrow-up
    85
    ·
    1 year ago

    Main reason I never had kids was I was screwed over by just about everything financially. Student loans, housing/“financial crisis”, medical system, deck stacked against self-employment, predatory credit cards. Great job, USA. Then the same cunts who did that bemoan low birth rates and cry about immigrants.

    • Acters@lemmy.world
      link
      fedilink
      arrow-up
      22
      ·
      1 year ago

      There are TOO MANY procedures/fees/tax/unsafe ways to lose everything you have or be in a position where you will never be able to live without constantly being demanded to provide more work/cash/time.

      • squiblet@kbin.social
        link
        fedilink
        arrow-up
        19
        ·
        edit-2
        1 year ago

        Agreed, life wasn’t this shakey in the past. Depression era: certainly, but it was caused by the same BS we are dealing with now. For example, it’s amazing that medical bills are a leading cause of bankruptcy and thus degradation of quality of life in the US, and there’s little will among politicians or citizens to do much about it. You could save up enough money to retire, even have good insurance, and then be screwed because you or any member of your family had a severe illness or accident, and lose everything.

        • Maggoty@lemmy.world
          link
          fedilink
          arrow-up
          12
          arrow-down
          1
          ·
          edit-2
          1 year ago

          Even if you make it to 65, Medicare Hospice at the end of your life is designed to wipe you out. So no inheritance…

          • squiblet@kbin.social
            link
            fedilink
            arrow-up
            8
            ·
            1 year ago

            Right, The hope for Gen X/Z has been “just wait until until your boomer parents die! Then you can have a normal life!” and then it’s oh, sorry, guess you have $4 million in medical bills if they don’t just die instantly.

    • bluGill@kbin.social
      link
      fedilink
      arrow-up
      4
      arrow-down
      55
      ·
      1 year ago

      Despite all that, things are overall better than previous generations. There is and always has been bad news. Life has always been a constant string of disasters, yet when you pause for a moment to reflect you realize that despite the bad news, overall it wasn’t that bad.

      • squiblet@kbin.social
        link
        fedilink
        arrow-up
        43
        ·
        edit-2
        1 year ago

        In many countries, yes. People in India and China for instance are on average more likely to not be in severe poverty and subsistence vs 40 years ago, though western-style modernization has caused it’s own problems. However most people are less well off in the US than we were in the 50s-90s. Reagan economics seems to have been ‘wait, why are we letting the middle class exist? We could just keep all their money’. Seriously though i was completely fucked over by what I mentioned and it’s only based on luck that I’m not homeless.