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.
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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.
As a worker I don’t like the idea of a pension. It’s too easy for some future regime to just get rid of my retirement fund. As long as wage slavery exist I would rather own my own retirement plan.
It’s just as easy for a market crash to get rid of your private retirement fund.
Diversify homie.
I’m not a financial wizard, “homie.” It’s not my area of expertise. I wouldn’t try doing surgery on myself either.
I’m 40 and I’ve always “known” that there would be no retirement for “us”.
Consequentially, as the eternally wise Homer Simpson once stated; “my lifestyle is my retirement plan”.
I genuinely hope never to reach age 70 or over. I’ve known lots of old people in my life and the ONLY TWO who were somewhat happy were my maternal grandparents. And even they will soon have to deal with losing one another since they’re so old.
I don’t intend to go through all that. I’ll live what I can, as long as I can, and as soon as I can’t anymore, it’s exit left.
I doubt I’ll be the only one.
