New Retirement Trend
In a previous post I referred to the fact that in the United States most people aspire to retire at age 62, but they actually partially retire at age 65 and fully retire about 70. This trend has been slowed down by the Pandemic as another trend that’s emerging is that people retire while they still have their health at the expense of their lifestyles and future security.
The last two years have put people in a new mindset for what they want for their future. Many people who were 10-plus years away from a traditional age 65 retirement are now looking at how they can phase out of the workforce with a longer runway. That means looking at their needs and wants and deciding to scale back to 80% to 90% as early as their mid-50s. This trend may continue as people place value on being able to enjoy their life now while their health is good and they are financially able, as opposed to waiting until later when there might be a lot more unknowns — health being the biggest unknown for many people and remember in the United States one of the biggest causes of personal bankruptcy in medical issues, and unless they change their health care funding model that will not change soon.
Young people who grew up in the age of rideshare drivers and Etsy stores will carry the mindset of side-hustle culture for the rest of their lives into retirement and that mindset is brand new in American history.
Past generations have always been either working or retired, with no middle ground. Future generations will have a spectrum to choose from. For example, if someone decides they want more time, then options like gig work, consulting and more will mean their lifestyle can scale as they see fit.
Articles from Royce Shook
View blogWhen people ask me what I consider old I always say an age 10 years older than me. I found it intere ...
One of my cousins sent me this as I was born in Saskatchewan. My first thought was these are the rea ...
In a time when an ice cream sundae was more affordable, a 10-year-old boy went into a hotel's coffee ...
You may be interested in these jobs
-
Mécanicien industriel
Found in: Talent CA C2 - 4 days ago
Groupe Honco Val-Alain, Canada PermanentCONDITIONS PARTICULIÈRES · : Travail en usine 40 hrs semaine · Poste de jour du lundi au jeudi de 6h30 à 15h30 et le vendredi de 6h00 à 12h00 · Poste de soir du lundi au jeudi de 15h30 à 2h. · COMPÉTENCES RECHERCHÉES: · DEP en mécanique industrielle et/ou de l'expérience per ...
-
food service supervisor
Found in: Talent CA 2 C2 - 1 day ago
Mother Tongue The Blue Mountains, CanadaEducation: Secondary (high) school graduation certificate · Experience: 1 year to less than 2 years · or equivalent experience · Tasks · Establish methods to meet work schedules · Supervise and co-ordinate activities of staff who prepare and portion food · Train staff in job duti ...
-
food service supervisor
Found in: Talent CA 2 C2 - 1 day ago
Barburrito Fresh Mexican Grill North Seguin, CanadaEducation: · Expérience: · Education · Secondary (high) school graduation certificate · or equivalent experience · Tasks · Establish methods to meet work schedules · Supervise and co-ordinate activities of staff who prepare and portion food · Train staff in job duties, sanitati ...
Comments