1000
submitted 1 year ago* (last edited 1 year ago) by ASK_ME_ABOUT_LOOM@sh.itjust.works to c/workreform@lemmy.world

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.

you are viewing a single comment's thread
view the rest of the comments
[-] rwhitisissle@lemmy.world 16 points 1 year ago

Additionally, inflation makes it harder for people to cover their expenses or save, Koehler said.

I feel like this is the most significant piece of information in the entire article and it just skims over it. People aren't failing to save because of lifestyle choices. They're failing to save because groceries for 1 person costs like 200 bucks a week in some cities. Shit is more expensive than ever before, and things like home ownership, which is historically THE default hedge against inflation, is outside the grasp of pretty much anyone below 40 who isn't a doctor or working in a similarly lucrative field.

[-] MossyFeathers@pawb.social 8 points 1 year ago

Man, I remember when I was a kid groceries cost $100~$200 for a family of 4 for a week, and some of that food (like bags of chips) would get spread out over multiple weeks. 11-year-old me couldn't believe that my parents spent that much on food but wouldn't get me a $40 lego set.

this post was submitted on 23 Oct 2023
1000 points (97.1% liked)

Work Reform

9856 readers
10 users here now

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.

Our Philosophies:

Our Goals

founded 1 year ago
MODERATORS