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What the hell is this shit? Instead of pushing for the return to traditional pensions, capitalism is celebrating the idea that Millennials and Gen Z may simply never be able to stop working. (www.cnbc.com)

submitted 1 year ago* (last edited 1 year ago) by ASK_ME_ABOUT_LOOM@sh.itjust.works to c/workreform@lemmy.world

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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.

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[-] ASK_ME_ABOUT_LOOM@sh.itjust.works 4 points 1 year ago

You're right. I was angry when I posted this, and couldn't help but read glee in the repeated ways they described generations of people who are on track to simply never be able to save up for a comfortable retirement.

It does feel hopeless, though. I love my job and earn a decent wage, but if I had the money to retire, I'd do it today. I definitely don't want to work until I drop.

this post was submitted on 23 Oct 2023

1000 points (97.1% liked)

Work Reform

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A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.

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All workers must be paid a living wage for their labor.
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