How long will baby boomers keep working? For some, the answer is forever.

To grossly paraphrase Kim Kardashian, nobody stops working anymore. Just look at who’s in the running for the top job in the nation: a 77-year-old against an 81-year-old, both vying to keep working for another four years. Yet they’re in lockstep with a national trend — older Americans are working longer, into their 60s and even their 70s and beyond. Among Americans 65 and older, 19 percent were still working last year, which is almost a twofold increase from the late 1980s.

Last year, the average retirement age was 62, according to a Gallup survey, up from 59 in the early 2000s. Older people aren’t just delaying retirement, but working longer hours: On average, this group’s annual work hours are almost 30 percent higher than they were in 1987.

The question of why is hard to answer. People keep working because they want to and because they have to, and sometimes a mix of both. “You can think of it as both a reflection of empowered preferences to go work more and longer — versus curtailed savings that force you into the labor force. They’re both happening,” says economist Kathryn Edwards.

  • givesomefucks@lemmy.world
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    8 months ago

    Which is why they keep voting for people to raise the retirement age, but only for people born after them.

    All that lead poisoning compounds with the natural effects of aging, they both hurt the same parts of our brains.

    So we get these spiteful assholes with zero empathy and poor critical thinking skills. And because their own actions and votes over the last 50 years fucked everything up for them, they want to fuck up everyone else’s lives.

    The only way their fucked up brains can be happy. Is making others just as miserable.

    They’re actively stopping younger generations from helping them, because it would help the younger generations more.