A broader view of retirement as it has evolved over the past two decades. Sobering statistics that speak to the growing singularity of successful retirement.
How America's Retirement Crisis Is Crushing the Hopes of a Generation of Young People | Alternet
The change...
While this may not be totally true...
As I look back at my middle 50's, the idea of early retirement was unusual, but safe retirement at age 62 or 65 was a "given", and working beyond that age, unthinkable. Being a little older than many of the younger retirees, and the "plan to be ER's", I wonder how most your associates and contemporaries see 'retirement".
Fear?
Faith?
Confident?
Trusting?
or maybe off the radar?
How America's Retirement Crisis Is Crushing the Hopes of a Generation of Young People | Alternet
If you're nearing retirement age – or have a parent or grandparent nearing retirement age – you're no doubt aware of how 40 years of stagnant middle-class wages and the disastrous shift from traditional pensions to 401(k)-type plans has made a dignified retirement all but impossible for all but the very well-to-do. According to the Bureau of Labor Statistics, the share of private sector workers responsible for their own retirement savings increased nearly four-fold between 1980 and 2008
This trend has been an integral part of what Yale political scientist Jacob Hacker called the “great risk-shift ,” in which the burden of paying for education, healthcare and retirement has been increasingly shifted from corporations and the government onto the backs of individuals and families.
The change...
While this may not be totally true...
... the road to success requires much more individual discipline than it did 20 to 30 years ago.shift from traditional pensions to 401(k)-type plans has made a dignified retirement all but impossible for all but the very well-to-do.
As I look back at my middle 50's, the idea of early retirement was unusual, but safe retirement at age 62 or 65 was a "given", and working beyond that age, unthinkable. Being a little older than many of the younger retirees, and the "plan to be ER's", I wonder how most your associates and contemporaries see 'retirement".
Fear?
Faith?
Confident?
Trusting?
or maybe off the radar?