HA, I hope people realize how a large amount of Gen X also are not able to retire. This is just accepted that now for people under a certain threshold of wealth retirement is but a fantasy.

That makes no sense.

Speaking for myself, I plan to remain active for as long as I can manage because I've seen what retirement causes to people. Vegetating on a sofa in front of a TV is not a good way to spend your last stretch on this planet. But neither is working.

And even when I no longer have interest in working for a salary, I want to remain active. Hopefully I'll have grandchildren to help with, my dogs to train and a garden to tend. But I do want to retire and expect everyone to do the same.

The way the system is being "overhauled" is bonkers. I was listening to a podcast the other day where it was calculated that for the EU, by 2050, pensions would be around 45% of the final salary earned, with some exceptions reaching 95%.

I don't expect for my (hopefully) pension to cover for luxuries but I do expect it to aid me maintaining a decent, even if frugal, standard of living. I do not want a millionaire pension, like many paid today, over tens of thousands of Euros.

Be brave and set maximum values for pensions. I've known people with pensions over €5000; minimum wage in my country is €765x14: that's €10.710, yearly, before taxes. Do rest of the math in your head. A few years back, it was outed the highest pension paid in the country was around €120.000, per month. That is insane. Meanwhile, many receive pensions below €200.

"traditional pensions" is a misleading lie. The idea of ceasing to work after reaching a certain age, has been around since around the 18th century, quite new stuff considering how long homo sapiens is around.

And don't get angry at me, I personally think it's a great thing, I'm not an entrepeneur, I'm salaried and I'm hoping to retire eventually, but how the world economics is going, I'm not holding my breath.

Retirement plans worked great during the wars, lots of fine men never reclaiming their retirement money after years of paying for it because they're all KIA. More money to share with fewer people.

Then, after the war, we got the baby boom, lots of fresh meat eager to work to support the retirement of the previous workforce, or what remains of that, after all the PTSD and diseases.

Now? Since you are reading this here on Lemmy, I'm supposing you're tech savy, educated and curious. So you already know population is shrinking around the (first) world. Retirement plans as we know are not sustainable.

What I suggest, is talk to your bank, your consultant, your insurance. Figure out what kind of products they offer as "private retirement plans" and what's their suggestion. Don't expect the government to do something for you (especially in the US).

Do it yesterday, if not possible, then as soon as you can. The earlier you start planning your future, the better.

And if you change your mind, you could always withdraw that money and buy a house, which is something almost impossible until you escape the "living paycheck to paycheck" mentality.

Retirement sounds like hell to me and has long seemed merely like a way to convince massive amounts of the population to delay taking earnings (pensions) or indirectly give their money to hedge fund managers to operate against their interests.

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.

Hell of a fake news editorialize. Where is the "celebration" in this article? You could equally spin this article as "Gen Z and Millennials refuse to contribute to generational wealth and prioritize making capital enrich their lives instead."

"However, this fear may not be that much of a concern for the younger generation, as most are actually looking to retire early — or to retire at all, the report by Intuit showed.

Traditionally, retiring entails leaving the workforce permanently. However, experts found that the very definition of retirement is also changing between generations."

I am seeing that with my parents. My dad has had offers to make some pretty good cash as a consultant for a few hours a week here or there. In some industries, like law, a retired judge can make bank working in arbitration where they can pick up just a little work for a good pay check to keep them busy and have more fun money. And then there's the God's work that is unpaid, child care for grandchildren. For a generation that has lower birth rates as a personal choice, I can see those folks looking to do part time work if it's enjoyable and supports their other endeavors.