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Post by jeffolie on Apr 6, 2011 13:39:11 GMT -6
Do you go to work when you are sick, lots of workers do. Can you work when you are very old and disabled? some do but currently most retire..."...only 23 percent are working..." Talking that you will work as long as you need is cheap...working in pain is unlikely and no one wants a grumpy worker anyways. ===================================================== Wednesday, April 06, 2011 Planning Never to Retire is Not a Retirement Plan According to the 2011 Retirement Confidence Survey, 74 percent of the nation's workers plan to work for pay in retirement. But among the nation's retirees, only 23 percent are working. Although many boomers think they will work in retirement, it is likely that most will not. A number of things conspire to prevent the elderly from working well into their sixties and seventies, not the least of which is deteriorating health. The life expectancy of people aged 65 in 2006 was 18.5 years, but only 12.2 of those years are free of activity-limiting disabilities, according to an analysis by the National Center for Health Statistics. For married couples, the shared years of health remaining at age 65 are even less. Caregiving responsibilities multiply. Those who think they will work in retirement need a Plan B. demomemo.blogspot.com/2011/04/planning-never-to-retire-is-not.html
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Post by unlawflcombatnt on Apr 6, 2011 23:22:48 GMT -6
Do you go to work when you are sick, lots of workers do. Can you work when you are very old and disabled? some do but currently most retire..."...only 23 percent are working.... According to the 2011 Retirement Confidence Survey, 74 percent of the nation's workers plan to work for pay in retirement. But among the nation's retirees, only 23 percent are working. Although many boomers think they will work in retirement, it is likely that most will not. A number of things conspire to prevent the elderly from working well into their sixties and seventies, not the least of which is deteriorating health. The life expectancy of people aged 65 in 2006 was 18.5 years, but only 12.2 of those years are free of activity-limiting disabilities, according to an analysis by the National Center for Health Statistics. For married couples, the shared years of health remaining at age 65 are even less. Caregiving responsibilities multiply. Those who think they will work in retirement need a Plan B. demomemo.blogspot.com/2011/04/planning-never-to-retire-is-not.htmlTo the contrary, not only are a lot of surveys and news stories saying exactly the opposite, so are the dynamics involved. Far more people are now planning to work up until the day they die--and will do so (including yours truly). They simply have no other choice. Pensions and retirements have been destroyed. Many of those over 65 simply have no alternative but to keep working--the money just isn't there to allow them to stop. Needless to say, this puts a huge crimp on the availability of new jobs. For example, roughly 50 million of the 100 million of the not working population are over 65. If an additional 10 million of those over 65 decide they need to continue working, it expands the potential labor force by 10 million. And it increases the current job deficit by that same 10 million, while suppressing wages accordingly due to the increased supply of workers.
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Post by whoswho on Apr 7, 2011 11:01:31 GMT -6
I'm already hanging on by the skin of my teeth, and I'm only 57, LOL. ;D After working many years in engineering drafting, I have more neck and back problems than Kelloggs has cornflakes. I should have gone years ago.... and by golly, when I get to be 62, hell itself ain't gonna stop me from leaving. But then, I said the exact same thing for age 55.
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