I got bad news this week. My kids’ long-time dentist passed away. But what made the news even more tragic was he retired earlier this year and died a few months after that.
He was in his 80s but felt, for what ever reason, that he had to keep working.
Unfortunately, many of us may be following a similar work route. I got two reports this week from two different organizations and the news is bad for individuals who don’t want to work until they drop dead.
* The MetLife Report on Early Boomers: How America’s Leading Edge Baby Boomers Will Transform Aging, Work & Retirement found:
— Those born between 1946 and 1955 will transform the American concept of retirement by forgoing the tradition of a leisure-filled life. Instead, their financial obligations among other things will encourage many of them to remain in the workforce, some indefinitely.
* The Sloan Center on Aging and Work at Boston College and Families and Work Institute reports that:
– Workers in their 50s and 60s are redefining “retirement”
– 75% of workers aged 50 and older expect to have retirement jobs in the future
– Many are working to stay active (31%) or to contribute and be productive (18%)
– Less than one in five report working in retirement due to insufficient income
The full Sloan report will be released next week.
Are you planning on working until you drop? What do these reports say about our society?