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.
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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.
I agree the article seems very out of touch, and the reason I think is because it reports this in a very neutral way. If it made clear that the author thought this was a bad thing that was happening, would you still think it was out of touch?
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?
To me it didn’t seem neutral, it seemed to imply a sense of laziness and wanting luxury over hard work from the newer generation.