Originally Posted by clifp
Sorry cheap European shot...
Well if I had a 35 hour work week and 8 or is 10 weeks of vacation a year, I'd probably keep working also!
If you were a shop worker perhaps you would find that positive for some time (they only have 4/5 weeks off) until companies move abroad and you have no longer a job & then the country is stiffling with high social costs & runs into heavy debt & goes bankrupt, but if you are say an engineer or a manager you would find that unbearable. You work because you like what you do, are proud of it, and want to make money with it, eventually to ER because life is short and they are many other things to do. You do not want to be stuck with no pay rise because of "redistribution" and 35h/w rubbish.
Basically, the 35h/week bullshit and all the socialist way of thinking which prevails in France has been a great gift for me. It convinced me to raise my children so that they would leave if they wish (elder daughter/23yo already works in DC), to work harder to max my savings to ER, and to focus on managing my investments and not waste time on fighting the wave of economic negationism.
The chinese will not work 35h/w because the French find that's a good idea (nor anyone else will), the country will go belly up (we wont be alone in europe) and finally the dollar will reverse its course :-) Matter of time !
But back to the original post/subject no one should derail you from your plans. But many will try as they cannot stand the fact that there might be other ways to do and to think.
Things are worse in Europe because retirement vastly is by "répartition" and not by "capitalisation" which means that people have no savings at all when they retire. They just count on the government to manage everything (current employees pay the annuities of retirees and the imbalance grows as people live older) and some amount is taken away from your paycheck by the social system every month (to pay for retired people) so that employees would (hopefully) later get some compensation paid (by future young workers) when they'll retire. So retirement is not thought of as an individual objective/scheme based on personal savings which can be adapted but as a social fight between unions and the government (which is supposed to decide of everything and must guarantee the well being of everybody).
Nobody would think of ER, if you are ER you are unemployed as was rightly said.