Traditionally, retiring entails leaving the workforce permanently. However, experts found that the very definition of retirement is also changing between generations....
“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.
I can agree with you. Thankfully I live in Europe where it’s good ethics for politicians thinking about societal issues, but in the “land of the free” that’s a luxury most people don’t expect. So help yourself.
It makes sense if you’re part of half the population that is subjected by rules and laws that penalize you in some form written by the other non liberal half of the population, like those brilliant anti abortion laws, you start to grow unsympathetic towards those.
YouTubers tends to say those controversial shit because it increases engagement with people posting in the comments things like yours or “what’s wrong with reading, are you illiterate?”.
What the hell is this shit? Instead of pushing for the return to traditional pensions, capitalism is celebrating the idea that Millennials and Gen Z may simply never be able to stop working. ( www.cnbc.com )
Traditionally, retiring entails leaving the workforce permanently. However, experts found that the very definition of retirement is also changing between generations....
55% of women say listening to Joe Rogan is a red flag ( changeresearch.com )
Various nuggets of interest in this survey of Gen Z and millennials