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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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[-] charonn0@startrek.website 19 points 1 year ago

Barely mentioned: wage stagnation and inflation.

[-] Stumblinbear@pawb.social 18 points 1 year ago

Preface: I'm not intending to come off as bragging, but providing some justification

I make plenty enough to retire by 45. Does that mean I'll stop working by 45? No, that sounds ridiculously boring. I'd rather work part time or do contract work until I'm physically and mentally unable because otherwise I'll become a vegetable. I enjoy my work and at the moment have no intentions of stopping at any point

[-] Rodeo@lemmy.ca 15 points 1 year ago

Okay but like, why don't you do something for yourself instead of working for someone else.

I'm convinced people with this attitude can't think for themselves and must be directed by a superior or they're useless.

Focus on yourself instead.

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[-] geeuurge@lemmy.world 17 points 1 year ago

I disagree with the editorialising from the title comment. To me it doesn't seem to celebrate or even opine anything, and that's actually kind of frustrating, because it's obviously bad that people are intending to work longer, regardless of their actual preferences.

Having read the article, to me it's not entirely obvious whether people feel that (A) they don't have enough to save regardless of their intentions (B) they feel saving for retirement is futile for whatever reason, or (C) even if they had extra money, they would prefer to spend the extra on here and now.

The article kind of hints that it's more B or C than A, but it isn't really explicit, and I think that would be the really interesting part of this story to report.

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[-] super_user_do@feddit.it 15 points 1 year ago

Industrial society and it's consequences have been a disaster for the human race

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[-] j4k3@lemmy.world 14 points 1 year ago

The only solution is to eat the rich.

[-] Matriks404@lemmy.world 11 points 1 year ago

I don’t mind working to old age, as long as I can have 6 hour workdays. But let’s be reasonable, no 80 year old grandpa is going to be productive at work.

[-] Jakeroxs@sh.itjust.works 9 points 1 year ago* (last edited 1 year ago)

As a millennial, I probably would also want to work a bit in retirement for fun, but not like the job I work now, something more chill or maybe freelance projects.

Obviously that'd require having lots of retirement savings so that working isn't a requirement

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[-] RagingRobot@lemmy.world 9 points 1 year ago

It's interesting that we have a generation of politicians who refuse to retire, meanwhile the generations behind them see the option to retire going away. Maybe there is a connection?

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[-] CatradoraSomething@lemm.ee 9 points 1 year ago

They're almost asking us to become Lenin at this point

[-] CCL@links.hackliberty.org 9 points 1 year ago

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.

[-] FlyingSquid@lemmy.world 14 points 1 year ago

It's just as easy for a market crash to get rid of your private retirement fund.

[-] orrk@lemmy.world 9 points 1 year ago

you don't even need a market crash, just a corrupt investor managing the fund

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this post was submitted on 23 Oct 2023
1043 points (100.0% liked)

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