General Discussion

HiPointDem

(20,729 posts) Mon Jul 23, 2012, 03:31 AM Jul 2012

So I click on a Yahoo article about Best Cities to Retire in, and -- WTF? [View all]

Today's younger workers will likely be stuck in the 9-to-5 grind well into their 70s...

http://finance.yahoo.com/news/the-best-u-s--cities-for-retiring-on--100-a-day-20120720.html

Current Social Security retirement age for those born after 1960 = 67. Most workers retire earlier.

In what world will most workers retire "well into their 70s" -- which I would take to mean around 75?

What stunned me most was the confident knowing voice, as if it had already been settled.

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So I click on a Yahoo article about Best Cities to Retire in, and -- WTF? [View all] HiPointDem Jul 2012 OP

Well, Sherman A1 Jul 2012 #1

Yahoo generally posts news articles from accepted news organizations Live and Learn Jul 2012 #2

Maybe they're being realistic, based on the situation of today's near-retirees. pnwmom Jul 2012 #3

they said *young* workers. and there's nothing special about the situation of near-retirees. HiPointDem Jul 2012 #4

Which is why most people, to maintain their living standard, would have to work pnwmom Jul 2012 #5

most people do *not* work beyond what is considered normal retirement age. most people HiPointDem Jul 2012 #6

B-b-but jp11 Jul 2012 #13

protecting? they're protecting their own asses is what they're protecting. they could give a HiPointDem Jul 2012 #16

Then there will be more and more older people living in poverty. pnwmom Jul 2012 #33

changing the retirement system is what's driving them into poverty. HiPointDem Jul 2012 #43

It would have to be changed in the other direction, obviously. pnwmom Jul 2012 #44

yes, stop the thieves. HiPointDem Jul 2012 #45

It is possible that once the Baby Boomers have retired and the younger generations that are JDPriestly Jul 2012 #7

Chris Hedges is alive barbtries Jul 2012 #9

Sorry. That is a terrible mistake. I have been corrected. JDPriestly Jul 2012 #29

I think you mean alex cockburn (b. 1941 = 71) rather than chris hedges. HiPointDem Jul 2012 #11

He passed away the other day DiverDave Jul 2012 #27

Yes. My sincere apologies to Chris Hedges. JDPriestly Jul 2012 #28

Ditto on the Chris Hedges statement. Live and Learn Jul 2012 #12

9-5? Skittles Jul 2012 #8

So very true. It was a slippery slope. Live and Learn Jul 2012 #10

Yep, the working past 70 meme is disheartening but Live and Learn Jul 2012 #14

$100 in 2060 dollars.... HiPointDem Jul 2012 #15

But the article is using prices as of today. Live and Learn Jul 2012 #18

i was being sarcastic. i agree with you. HiPointDem Jul 2012 #19

Well, figure in mortgage or rent, utilities, insurance (car and home), Internet, phone and food RebelOne Jul 2012 #32

Oh, I realize it is easy to spend $100 a day just Live and Learn Jul 2012 #40

I will most likely be working until I am dead Marrah_G Jul 2012 #17

unfortunately, "jobs" are something that also doesn't exist in some people's worlds. however, HiPointDem Jul 2012 #21

I thought I would be working until I died, RebelOne Jul 2012 #31

Yikes! Marrah_G Jul 2012 #46

What is this "retirement" you speak of? Vinca Jul 2012 #20

only 16% of people over 65 are employed. HiPointDem Jul 2012 #22

Employed "on the books" you mean. Vinca Jul 2012 #23

if they're selling on ebay, it's on the books. resale to antique shops is on the books too unless HiPointDem Jul 2012 #24

I guess we travel in different worlds. Vinca Jul 2012 #25

yes, i know people who do such things too. but i know no one who can support themselves on it. HiPointDem Jul 2012 #35

Of course it's a supplement to their income. Vinca Jul 2012 #47

no, my original point was only 15% *work*. part-time, full-time, on or off SS -- if they are HiPointDem Jul 2012 #48

My neighbor sells on etsy--mid century modern stuff--she's a working architect mnhtnbb Jul 2012 #30

I'm not saying there aren't people who don't do well on etsy. I'm saying most people don't HiPointDem Jul 2012 #34

It sounds like she's got the treasure hunting "bug." Vinca Jul 2012 #51

don't worry 2pooped2pop Jul 2012 #26

We need more people to work longer because technology lets fewer people do more work. ieoeja Jul 2012 #36

indeed. HiPointDem Jul 2012 #37

Yep. And fewer jobs available means we need to work longer Live and Learn Jul 2012 #41

I'm sure it already has. woo me with science Jul 2012 #38

Yes, this has already been decreed by the people that matter. If we meekly accept it, we deserve it. Egalitarian Thug Jul 2012 #39

I wish we had the European view when it comes to work. Alduin Jul 2012 #42

We Need to Tax Consumption And Encourage Savings Yavin4 Jul 2012 #49

we need to tax the people who have most of the money. HiPointDem Jul 2012 #50

But That Won't Solve Our Most Pressing Economic Problems Yavin4 Jul 2012 #53

The top 5% do 37% of all consumer spending, about what the bottom 80% does. Taxing the HiPointDem Jul 2012 #54

That's My Whole Point Yavin4 Jul 2012 #55

they can dodge it way more easily than the 80% on the bottom whom you'd also be taxing could. HiPointDem Jul 2012 #56

They always do this: Gross after-tax income: $25k + Spitfire of ATJ Jul 2012 #52