1020

What the hell is this shit? Instead of pushing for the return to traditional pensions, capitalism is celebrating the idea that Millennials and Gen Z may simply never be able to stop working. (www.cnbc.com)

submitted 1 year ago* (last edited 1 year ago) by ASK_ME_ABOUT_LOOM@sh.itjust.works to c/workreform@lemmy.world

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Traditionally, retiring entails leaving the workforce permanently. However, experts found that the very definition of retirement is also changing between generations.

About 41% of Gen Z and 44% of millennials — those who are currently between 27 and 42 years old — are significantly more likely to want to do some form of paid work during retirement.

...

This increasing preference for a lifelong income, could perhaps make the act of “retiring” obsolete.

Although younger workers don’t intend to stop working, there is still an effort to beef up their retirement savings.

It's ok! Don't ever retire! Just work until you die, preferably not at work, where we'd have to deal with the removal of your corpse.

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[-] Theharpyeagle@lemmy.world 2 points 1 year ago

I believe it's out of touch not because they didn't come to the conclusion I wanted them to, but because they cite the opinions and data curated by tax and investment companies at face value instead of actually asking responders why they answered the way they did. Who is Blackrock to say what young people want to do? Hell, Blackrock garners disdain from both sides of the aisle, would millennials and Gen Z really pick them as a representative of their wants and needs?

this post was submitted on 23 Oct 2023

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Work Reform

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A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.

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All workers must be paid a living wage for their labor.
Income inequality is the main cause of lower living standards.
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