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JDPriestly

(57,936 posts)
7. It is possible that once the Baby Boomers have retired and the younger generations that are
Mon Jul 23, 2012, 05:17 AM
Jul 2012

comparatively smaller are fully in the workforce, there will be enough work to keep people employed until they are 70.

Unless there are major medical discoveries that deal with things that slow us down as we age -- memory impairment, arthritis, diabetes, heart disease, cancer, hip & knee surgeries -- and on and on, it is unlikely that employers will want very many older people on their staffs.

Retirement is not a matter of just stopping to have a good time. People are retired out of their work because they either are not needed or wanted or because they no longer have the physical or mental capacity to keep up the pace that employers demand.

We do remain healthy a little longer than in the past -- but the slowing of the aging process will itself slow and end eventually.

Think about Chris Hedges and Christopher Hitchens -- two men one younger than 70 the other just a little over 70 and yet both died recently.

Working at 75 is possible for some but pushing it for many.

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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
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