this post was submitted on 26 Apr 2024
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About one-quarter of U.S. adults age 50 and older who are not yet retired say they expect to never retire and 70% are concerned about prices rising faster than their income, an AARP survey finds.

About 1 in 4 have no retirement savings, according to research released Wednesday by the organization that shows how a graying America is worrying more and more about how to make ends meet even as economists and policymakers say the U.S. economy has all but achieved a soft landing after two years of record inflation. 

Everyday expenses and housing costs, including rent and mortgage payments, are the biggest reasons why people are unable to save for retirement.

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[–] IphtashuFitz 9 points 7 months ago (1 children)

My dad did this for a while. Had a nice white collar job my entire childhood. He loved boating and owned one for 40+ years. A year or so after he retired from that he got a part time job as a cashier at a marine supply store. He loved the interactions with other boaters. He did that for probably 10 years before retiring fully.

[–] skyspydude1 4 points 7 months ago (2 children)

I'm in MI and I'm pretty sure half the staff of any hardware store are retired Big 3 engineers. I've talked with them before, and most of them are more than comfortable financially, but just like having a routine, getting out of the house, and the employee discounts.

[–] [email protected] 5 points 7 months ago

A part time job after retirement basically keeps people alive. Just sitting on a couch all day watching TV kills you pretty fast.

[–] Diplomjodler3 2 points 7 months ago* (last edited 6 months ago) (1 children)

Incredible. You can bet your ass I won't work another day after I retire. I'm limping along to get to the finish line even though I still have a few years to go.

[–] skyspydude1 4 points 6 months ago

A job is far more enjoyable when you know you don't need it and have to put up with absolutely zero shit since you can leave at any time.