How long will baby boomers keep working? For some, the answer is forever.

To grossly paraphrase Kim Kardashian, nobody stops working anymore. Just look at who’s in the running for the top job in the nation: a 77-year-old against an 81-year-old, both vying to keep working for another four years. Yet they’re in lockstep with a national trend — older Americans are working longer, into their 60s and even their 70s and beyond. Among Americans 65 and older, 19 percent were still working last year, which is almost a twofold increase from the late 1980s.

Last year, the average retirement age was 62, according to a Gallup survey, up from 59 in the early 2000s. Older people aren’t just delaying retirement, but working longer hours: On average, this group’s annual work hours are almost 30 percent higher than they were in 1987.

The question of why is hard to answer. People keep working because they want to and because they have to, and sometimes a mix of both. “You can think of it as both a reflection of empowered preferences to go work more and longer — versus curtailed savings that force you into the labor force. They’re both happening,” says economist Kathryn Edwards.

  • givesomefucks@lemmy.world
    link
    fedilink
    English
    arrow-up
    0
    ·
    5 months ago

    Which is why they keep voting for people to raise the retirement age, but only for people born after them.

    All that lead poisoning compounds with the natural effects of aging, they both hurt the same parts of our brains.

    So we get these spiteful assholes with zero empathy and poor critical thinking skills. And because their own actions and votes over the last 50 years fucked everything up for them, they want to fuck up everyone else’s lives.

    The only way their fucked up brains can be happy. Is making others just as miserable.

    They’re actively stopping younger generations from helping them, because it would help the younger generations more.

  • Showroom7561@lemmy.ca
    link
    fedilink
    arrow-up
    0
    ·
    5 months ago

    My worst nightmare is working until death. What an absolute waste of the only time we have on this earth.

    • odelik@lemmy.today
      link
      fedilink
      arrow-up
      1
      ·
      5 months ago

      My worst nightmare is not engaging my mind and turning into a reactive mush pile that yells at a TV screen out of manipulated fear. I see what’s happened to my mother and how my father has maintained his sanity.

      I plan to “work” until I can’t. However, at some point, I plan on retiring from my career and getting into re-wilding and offering my services and knowledge at a steeply discounted rate so I can work with and train people in a field our planet needs. Hopefully doing some field work and manual labor alongside younger people that can out pace me and teach me their knowledge & skills about the natural world that I didn’t learn. That, or starting some sort of no-til organic community farm/ranch or something else that engages my brain & body that provides greenspace.

      I don’t want to take jobs away from those that need them and I figure this will be a good way to avoid my worst fears, keeping positions open for those that need them, and to pass my knowledge along to the specialists that are growing in the knowledge space I excelled in in my carerr (software data science & engineering).

    • lady_maria@lemmy.world
      link
      fedilink
      English
      arrow-up
      0
      arrow-down
      1
      ·
      5 months ago

      Same. The thought alone saddens and pisses me off so much. Life has so much more potential than this.

  • _haha_oh_wow_@sh.itjust.works
    link
    fedilink
    English
    arrow-up
    0
    ·
    edit-2
    5 months ago

    Because they screwed up everything for everyone in the pursuit of short term gains, not realizing that everyone included themselves?

    Thanks conservatives! By the way, the overwhelming majority of you were never really rich, and you will never be rich: You have been used to help make the already obscenely wealthy even wealthier at great expense to you, your loved ones, and your fellow citizens.

    • stoly@lemmy.world
      link
      fedilink
      arrow-up
      1
      ·
      5 months ago

      My parents were once low-end millionaires. Like with house, stock options, and such, they probably just punctured 1mill. They flat out have wasted MILLIONS of dollars in their lives, my father was successful and well compensated. They never really had a plan for retirement, never invested in their children. It was all them acquiring toys, going on trips, trading in their car for a new one the 30th (not joking, they have counted like 50 cars between them but only 2 - 3 at a time), getting a boat/camper/etc. It is ridiculous. They could have made our lives so much better and prepared for themselves.