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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.

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[-] faction2145@lemmy.world 5 points 1 year ago

There must be an advocation for a universal monthly social security payment (and expanded universal medicaid) from birth. Fund them in the short term by eliminating the taxable income cap for OASDI.

If we were in a functioning society that responded to actual issues... Gotta finish the civil war first tho.

[-] rustyriffs@lemmy.world 1 points 1 year ago
[-] faction2145@lemmy.world 1 points 1 year ago

OASDI is the program name for social security. It stands for Old Age, Survivors Disability Insurance https://en.wikipedia.org/wiki/Social_Security_(United_States)

this post was submitted on 23 Oct 2023
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