Retirement
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X @The Economist
The Economist· 2025-08-22 08:00
Baby-boomers are keeping their bad habits into retirement https://t.co/lsNAlH1rwc ...
X @The Economist
The Economist· 2025-08-20 07:00
Baby-boomers are keeping their bad habits into retirement https://t.co/m9hqMnjKff ...
X @Forbes
Forbes· 2025-08-19 20:00
Retirement Trends - The article encourages a shift in focus from "when will you retire?" to "what's next?", suggesting a change in societal views on retirement [1] - The article implies a growing interest in post-retirement activities and purpose, rather than solely focusing on the end of work [1]
Why You’ll Probably Work Longer Than Your Parents
CNBC· 2025-08-18 16:00
Retirement Concerns & Expectations - 64% of Americans surveyed are more worried about running out of money in retirement than dying, and 25% believe they won't ever be able to retire [1] - Roughly 80% of Gen X, millennial, and Gen Z workers believe it will be harder for their generation to achieve financial security than it was for their parents [4] - 70% of U S workers surveyed who have not retired yet considered pushing back their retirement date [22] Social Security & Pension System - Social Security benefits are a major income source for 58% of US retirees [16] - In 1989, 63% of full-time workers at companies with more than 100 employees had a pension, but today only about 15% of private industry workers do [9] - The US Social Security system is facing insolvency within seven years [17] Generational Differences in Retirement Preparedness - Younger workers today often have more in retirement accounts by age 30 than boomers did [6] - 39% of Gen Z, 36% of millennials, and 24% of Gen X have student loans, compared with about 7% of boomers [14] - The top 10% of millennials have 20% more wealth than the top baby boomers at the same age [13] Factors Affecting Retirement - Retirement ages are rising in more than half of OECD countries due to improved longevity and health [2] - Over half of people retire sooner than they ever plan to [3] - Three main reasons younger Americans will likely have to work longer than baby boomers are: longer and healthier lives, Social Security benefits won't cover the full cost of living, and many Americans don't save enough [7]