The American workplace is about to get grayer.
Nearly two-thirds of Americans between the ages of 45 and 60 say they plan to delay retirement, according to a report to be released Friday by the Conference Board. That was a steep jump from just two years earlier, when the group found that 42% of respondents expected to put off retirement.
The increase was driven by the financial losses, layoffs and income stagnation sustained during the last few years of recession and recovery, said Gad Levanon, director of macroeconomic research at the organization and a co-author of the report, which is based on a 2012 survey of 15,000 individuals.
Let’s hope they aren’t working in jobs that are about to be nuked by Obamacare. This also brings up another question: if all the kids are moving back in with their parents because they can’t find jobs, where are the parents going to move if they end up in the same boat?
Four more years.
Hope ‘n Change!
Honestly, Democrats could be destroying the economy in order to introduce a new (uninflated) currency and martial law (all those agencies buying guns and lots of hollowpoint ammo) so we can have finally have redistributive “social justice” and equality (as Karl Marx would’ve wanted). They way their economic program is going, it’s entirely possible.
I’m going tobe 62 in April.
I was slated to retire, after 30 years on my present job, in May 2013.
I told my boss, the day after Obama was re-elected, that I would be postponing that event until at least the mid-terms, and maybe longer.
It doesn’t make sense to go into a fixed income retirement situation while the wreckers are in charge. Besides, I need to stock up on ammunition.
Now somewhere, there is some 25-30 year old who is going to have to wait a bit longer for me to open up a slot in my organization. Hopey changy goodness!
“The American workplace is about to get grayer.”
Speak for yourself, bub. My hair is still almost black brown.
Of course, when I grow a beard, its a little on the white side.
As I tell people, “If I had a dog that showed this much gray in the muzzle, I’d put it down out of compassion.”
The Gen-Xers and the Millennials ought to be getting really pissed now. They are being held out of the better paying jobs by us old farts who just won’t or can’t or shouldn’t retire, and the Paradise of Social Justice just isn’t paying so well as they thought.
As long as the wreckers keep running the economy like a zero-sum game, that’s the way it will stay. Maybe the kids should take a look at fixing that.
I’m 62 and have been working at my job for 33 years. I plan to stay till I’m at least 67. I know a guy who is 84 and still working.
Good times.
Just heard an economist on NPR explain that, of course the economy is shrinking because all those government jobs are being axed in the name of cost-cutting. (Baaad!!) We were also told that Jay Carney will also make this argument.
In other words, paying for government jobs (that produce nothing) with borrowed money (that costs money to borrow) is a way to improve the economy.
Remember the fable about paying for the smell of soup with the sound of silver? Only the Obama administration could believe it’s sound fiscal policy.
Well, when those of us are unemployed and about to lose our homes, we can hunt down Michael Moore, Al Gore, George Soros, Nancy Pelosi, and others, knock on their doors, and say, “Hey liberals, guess who is moving in.” Then we do an OLJS (Occupy Liberal Jacka$$ Homes) on them – camp out on their yards, defecate in their shrubbery, and see how happy they are when the 99%ers go after the real 1%ers.
My financial adviser told me I will be able to retire at age 65 as long as I keep earning an income until I am 80.
I foresee the security details for democrats, media, and progressive NGOs getting bigger in the near future.
The middle class, whats left of it, are simply kulaks to be murdered off.
equality will make it all worthwhile.
Personally, I’m looking forward to several dozen Detroits.
So very unAmerican. This is now the “sandwich” generation. Caught between their college grad kids who cant find a job and their aging parents who also need help, this generation will be working and living differently not seen since the 1920′s and 30′s in extended family living conditions….
The money printing will result in serious dollar depreciation; the only question is how soon and how fast. This will be a serious threat to anyone that’s spent a lifetime building up a nest egg, and doesn’t have much prospect of building another if the first gets decimated. Where’s the safe haven? Gold? Stocks? Real estate? Or, in the short term, the depressed economy may depreciate prices and favor cash. A lot of redistribution coming on us like a freight train, and tax policy is the least of it. Good times for cronies and debtors; bad times for dissenters and producers. How to navigate the storm? Us simple-minded folk that have played by the rules and lived within our means and saved all our lives, those of us that don’t know how to work the system; we’re at a disadvantage. It’s a new game these days, a dirty game for a dirty age. And the dirty choice we’re given is to get dirty or get beaten down. A sad end to a great nation.