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Sorry Frann66.....I don't trust anything I read in Time Mag. Time Mag and most of the media are so extreme left they will continue to make up POLLS in an effort to harm the morale of the US.
Democrats hate America.......according to people in the tinfoil hats.
The only realistic way to retire for someone without savings/low paid job is to go outside US to any dirt-cheap country, where even $300/mo is a good income. In Asia it's Thailand; or, basically, any place in Africa.
Well, that's until "great economy" will devaluate USD (which they already are talking about). Then, well,..., it's still free to die... is it?
I agree that younger people and people in their 40's and 50's often 'cling to the vague notion that they will work forever' or to an old age!
Many employers nudge older people out the door and find ways to do so (older people being in their 60's), do not hire older people, the level of many jobs after retirement for older people are of a low level and not something a huge number of older people would want to do, jobs for seniors are scarce, and there are many jobs within which older people would be unable to function due to lifting of boxes /too much standing or walking, and some or many of the jobs after retirement so low level that people with degrees, education, or accomplishments would not want nor accept.
Most workplaces are not set up for people continuing to work into their 70's - and many workplaces nudge workers out the door in their 60's. Society is not set up for this vague notion of working forever. Many younger people have not heard of this.
(I'm not talking about retirees who do consulting work or have their own business or who have special skills which allow them to pick up contracts/tasks after retiring)
The ones that are pushing older workers out are older managers. If you work at any big company, the higher you go the more older workers are holding on to the most senior positions past retirement age. Why retire when you can take a huge six figure income doing nothing and just let the junior managers do all the work. It gets even worse at government workplaces where lifers run most agencies.
The only realistic way to retire for someone without savings/low paid job is to go outside US to any dirt-cheap country, where even $300/mo is a good income. In Asia it's Thailand; or, basically, any place in Africa.
$300/mo isn't a good income in Thailand, nor anywhere else in the world.
I did not find this at all interesting. What I see is the sad, sad state of journalism. Virtually every article written in magazines is now written by a 20 or 30 something writer who cranks out cr+p for a low salary. I can only imagine some editor going to one of these 20 something writers and asking for a 1500 word article on the sad state of retirement in the US. Have it ready by tomorrow and give it a title that will catch attention.
I have a hard time deciding which is sadder the poor quality of journalism and writing or the readership.
I’m not sure it is fair to call this journalism. This is what is commonly referred to as “click bait.” I think its popularity, sadly, is reflective of our culture.
That happened to both of us. We did not choose retirement, our bodies did. Despite what most people think, there are many of us out there who have/had physical jobs.
If I was asked, I would say I don't plan on retirement. I like working and like another poster said, I think staying in the workforce will keep me sharp and engaged. But I am also single (as in not married) so it's not like I have someone to retire with, travel with, etc, etc. like everyone talks about doing when they retire. I just had a four day weekend by myself and I did all my yard work, house work, did a minor repair to an appliance, binge watched Stranger Things and read a book. I was ready to get back to work by Monday--I just like to keep doing things. I toy with the idea of starting a small business in retirement or just working part time.
That said, I still save in my 401k and IRA like I will be kicked out the door at 65 and will need 35 years of savings to live off of. I might not plan on leaving at 65, but life (or employers) might have different plans.
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