this post was submitted on 23 Oct 2023
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Work Reform

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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.

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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.

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[–] just_ducky_in_NH 155 points 1 year ago (47 children)

Maybe, just maybe, Gen-Z is not saving as much for the future because (1) they have less money to save due to inflation, and (2) they don’t foresee a viable future. These reasons can also explain the parenthood rate dropping lately.

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