It’s been that way for a while. That’s one of the reasons we have had such a job crunch and stagnating advancement over the last couple decades. All the old folks decided to hang on to their jobs. A multitude of reasons why - loss of defined benefit, inflation, multiple market crashes, rising health costs (probably one of the biggest reasons), inflation, etc.
It’s just that now the financial bar needing to be met to retire is being pushed even higher, and I’d bet that rising health care costs, housing costs, and inflation are the same reasons for people sticking around.
IMO the boomers were some the last people to actually get a fair shot at retirement. For the rest of us it’s just sheer luck if you make it.
It’s been that way for a while. That’s one of the reasons we have had such a job crunch and stagnating advancement over the last couple decades. All the old folks decided to hang on to their jobs. A multitude of reasons why - loss of defined benefit, inflation, multiple market crashes, rising health costs (probably one of the biggest reasons), inflation, etc.
It’s just that now the financial bar needing to be met to retire is being pushed even higher, and I’d bet that rising health care costs, housing costs, and inflation are the same reasons for people sticking around.
IMO the boomers were some the last people to actually get a fair shot at retirement. For the rest of us it’s just sheer luck if you make it.