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The Fastest Growing Demographic In The Workforce? People Over Age 75 (www.forbes.com)

submitted 11 months ago by return2ozma to c/news

41 comments fedilink hide all child comments

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[–] [email protected] 123 points 11 months ago* (last edited 11 months ago) (1 children)

Other major drivers behind the boom in older employees include that workers are healthier and less likely to have a disability, and face increasingly steeper financial challenges. Inflation, changes in pension systems and “less generous” Social Security benefits, Fry says, have workers feeling obligated to work longer.

Older workers "still being healthy" is survivorship bias. The ones who aren't still healthy aren't in the fucking workplace, they're either hospitalized or dead.
"Obligated." Nobody feels "obligated" to work. We feel like we will die on the fucking streets in our old age because we have a broken fucking system that discards us entirely once we are no longer able to produce economic output.

Obligated my ass, people just want to stay alive, Emmy Lucas of Forbes. Eat shit, Emmy.

[+] flooppoolf 28 points 11 months ago* (last edited 10 months ago) (2 children)

[deleted]

[–] partial_accumen 7 points 11 months ago (2 children)

They’re craving more money.

That's certainly many. I'm betting there are other craving meaning for their lives. When we define ourselves by our job, there I bet there is a percentage that find retirement uncomfortable and meaningless. They go back to work for meaning.

[–] [email protected] 4 points 11 months ago (2 children)

I’m going to be 60 this year (I’m officially a boomer, yay me) and I’m about to start a new job. I absolutely enjoy my work and there’s no way I want to retire yet. I think I’m good at it, I think I have something to give to society, I find it fulfilling and - yes - I have kids at university, so I need the cash to support them.

And before someone says ‘you can find fulfilment through volunteering’, yes - and I do plenty of that, but it doesn’t quite scratch the same itch for me.

[–] FlyingSquid 5 points 11 months ago

And that's fine. But the person you see behind the counter at CVS who clearly should be enjoying retirement is not likely there because they absolutely enjoy working at CVS. That's the problem.

[–] [email protected] 3 points 11 months ago

See, you're an example of someone older who SHOULD be working since you actually WANT to rather than HAVE to. More power to you and I hope you get to keep working for exactly as long as YOU want to!

Cases like yours isn't what's driving the increase though. A combination of economic desperation and pro-corporate gaslighting is forcing and/or coercing people who would prefer to retire to keep working many more years. THAT'S the majority situation.

[–] rayyy 2 points 11 months ago (1 children)

They’re craving ~~more money~~ enough to pay increased rent, food and medical expenses - FTFY

[–] [email protected] 98 points 11 months ago (1 children)

This is terrible, old people need to retire and let the next generation take their jobs and pay.

This obviously means that old people need to be able to retire.

As it stands now, I doubt I'll ever experience the golden years for myself...

[+] aelwero -55 points 11 months ago (6 children)

What are you doing to ensure your ability to retire at 65? Anything?

Once upon a time, the government ce up with a new deal, to force people to give up a big chunk of their paycheck, so that they'd have retirement income when they got old. They called it an individual retirement account. They mailed out statements. You could look at your statement every year and see what you put in, and what you'd get for it.

Now, they call it welfare... They call it a drain on your taxes (but you young people still pay that extra chunk to this very day... They've hoodwinked your asses into thinking SS deductions are just plain old taxes...). The sentiment is that those people should have planned for their retirement...

Thing is... They did plan for retirement... By letting the government take those deductions...

And again... If those people should have planned for themselves... What are YOU doing to ensure you can retire? Are you gonna rely on the ponzi scheme? You know damned well it's a ponzi scheme. You know it isn't going to be viable when you retire. So what are you doing?

Those old dudes can keep those jobs if they want as far as I'm concerned. I'm old enough to have received "individual account statements" from the SS office by mail, but not so old that I didn't make any other plans (old enough to have had the option to pursue a pension, which sadly is gone for pretty much anyone these days).

I personally feel like anyone born before 1965 has every right to have relied on SS alone, born 1965-1990, you should have seen the writing on the wall, but if you didn't, it's kinda excusable. Born after 1990, you absolutely should not be expecting much out of SS (and frankly, y'all should be pissed off at the SS deduction you pay every check...you're basically being told straight to your faces that it's an outright tax... That is NOT what your parents and grandparents were told...)

If those 70+ year olds had known that SS would devolve into being called a "welfare program", most wouldn't have relied on it (gen x and prior have a strong moral aversion to anything welfare...). They didn't cause this problem, they believed in the government, and government caused it.

[–] [email protected] 54 points 11 months ago* (last edited 11 months ago) (1 children)

Because Republicans have gutted Social Security and promoted the idea that it is "welfare" it's individuals fault for not bowing to the capitalist system and taking the big unlubed dick up their ass to work themselves to death, never take time off, never do anything nice for themselves, and basically only put money away for retirement?

What even is this pull yourself by your own bootstraps bullshit from someone lucky enough to have a pension?

Folks should have seen the writing on the walls?

Dude, pay has been stagnant for fifty fucking years or are you not familiar with this chart?

People aren't getting paid enough to save for fucking retirement, don't give us this "What are you doing to ensure your ability to retire at 65? Anything?"

Have you heard the joke "My retirement plan is to die in the Water Wars."

It's a dark joke borne of desperation because none of us has any money saved for fucking anything, and all of us fear a bleak future where we die in the fucking streets in our old age.

But sure, because we're not dumping the money we don't have into an actual ponzi scheme like a fucking 401K, we're at fault for instead of hoping that our Social Security payments can at least keep food in our bellies when we do inevitably end up on the fucking street. Like literally nobody I know thinks Social Security is enough to live off of and isn't planning on it, but it's not like a lot of these people have a lot of fucking options.

[+] aelwero -42 points 11 months ago (2 children)

I appear to have misrepresented myself as someone who has actual money... That's not really the case bud, I've been fighting your silly chart for decades, tooth and nail.

Go be a nurse or a teacher if you want a pension, or shop around for a government job... They're still out there. They aren't as common as they used to be by a damned sight, especially in trades, but you can still find them. I'd stay the fuck away from the postal service, those pensions are wired tight, but working up that chain involves being someone's bitch until they retire basically (lots of "assistant" crap).

Expect to be paid less if your pension is union though. Sucks for decades, but you won't have to sit there praying SS holds up. Pensions aren't luck, they're a compromise, just like anything else.

[–] [email protected] 13 points 11 months ago* (last edited 11 months ago) (1 children)

As a nurse, "pension"

🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣

Yeah, we don't get those, bud. From the corporations or the unions.

[–] [email protected] 11 points 11 months ago* (last edited 11 months ago)

Also, this guy must be oblivious to how many "pensions" are now being bundled into the market and gambled.

"Pension" doesn't mean shit anymore when wall street fat cats can wheel and deal with it and you suddenly lose all the money you had in it through no fault of your own.

Especially at the State level, State's absolutely use their pension funds for "investment" to "ensure they grow."

All it takes is one bad move by the investor in charge.

Even pensions are a fucking racket at this point.

[–] IamtheMorgz 5 points 11 months ago

I work for the state. For the last decade or more, the pension has been a pittance (1% per year of service, takes 10 to vest). Better than absolutely nothing but still not enough even when you add it to SS. I put back what I can, but realistically I don't think I'll ever be able to afford to retire even with the pension.

[–] RestrictedAccount 31 points 11 months ago

The original Social Security never paid out until TWO YEARS BEYOND THE AVERAGE LIFE EXPECTANCY.

It wasn’t a retirement plan.

It was a plan so the elderly poor could die with dignity.

[–] highenergyphysics 16 points 11 months ago

Literally what the fuck are you even talking about

Look at this goddamn idiot, with his pension and secured retirement. This is how fucking stupid you could be and STILL retire, that’s how good these people had it.

My retirement plan is guns and ammo, and it’s not coming at 65.

Maybe for you it is.

[–] FlyingSquid 11 points 11 months ago (1 children)

What are you doing to ensure your ability to retire at 65? Anything?

Hope we'll be able to retire on my wife's money because I have not been successful in my life?

[–] Reddfugee42 4 points 11 months ago

Good question.

[–] [email protected] 3 points 11 months ago

I save privately in funds for my retirenment.

In addition to that the Swedish government has several pension funds that they manage and I will get some money from that.

[+] andrewta -16 points 11 months ago (1 children)

I honestly don’t know why you’re getting down voted. You’re basically just saying anyone born between a certain number of years should’ve seen the writing on the wall. And anyone born after a certain year should’ve seen and there’s really no excuse to not have seen the writing on the wall. You’re basically just saying don’t rely on the government to have that money because the government isn’t going to. Again I’m not sure why you’re getting down voted.

[+] aelwero -20 points 11 months ago (3 children)

Because it sounds like I'm a stupid fucking Republican saying the bootstrap bullshit. Everything has to be pigeonholed into either Republican or Democrat these days, and I live in the middle as a (GASP!!!) centrist...

If what I say is Republican sounding, I must be a racist rednecky dude that drives a big ass diesel pickup and lemmy downvotes because lemmy is left biased AF, and if what I say sounds lefty, then I probably hate America and will vote for any sack of shit with a D next to it, and lemmy upvotes...

Reality is I kinda just hate everybody these days, because absolutely nobody gives a flying fuck about anybody except their tribe members...

Lemme guess, you're not in the US? Live in one of those other places where it's still socially acceptable to speak neutrally?

Don't sweat them votes man, I don't ;) you read it exactly the way I meant it.

[–] Dkarma 13 points 11 months ago

Dude u obviously have no clue what an Overton window is.
People say you probably sound Republican because you are by your own definition. "Centrist" in America is right wing right leaning.

You're the last person to give advice on anything. You don't even know what you are on the political spectrum.

[–] andrewta -2 points 11 months ago

Actually I live in Minnesota.

But yeah I hear ya about everyone has to be putting everyone into either left or right and forgetting that there are other areas.

You have a good 2024.

[+] [email protected] -8 points 11 months ago (1 children)

Yeah Lemmy is just Reddit except it thinks it's cooler than Reddit because it's not Reddit.

[–] [email protected] 4 points 11 months ago* (last edited 11 months ago) (1 children)

So stop bitching and go back to fucking reddit.

None of us think Lemmy is "cool" we just prefer not having a corporation dictate how we interact with the internet because they're concerned about profits and an IPO.

We like Lemmy because it's run by volunteers who aren't here to make money off of our data. That's all.

Seriously, this simple minded thoughtless bullshit belongs on reddit so fuck off back there, please.

[–] [email protected] -4 points 11 months ago (1 children)

Yup. Just like Reddit.

[–] [email protected] 4 points 11 months ago* (last edited 11 months ago) (1 children)

That would hurt a lot more if you had a fucking brain.

It's really hard to feel insulted by obvious idiots, you know.

[–] [email protected] -3 points 11 months ago (1 children)

This is what I mean. All you're doing is hurling insults. Maybe it is you who should return to Reddit.

[–] [email protected] 2 points 11 months ago* (last edited 11 months ago) (1 children)

None of us think Lemmy is “cool” we just prefer not having a corporation dictate how we interact with the internet because they’re concerned about profits and an IPO.

We like Lemmy because it’s run by volunteers who aren’t here to make money off of our data. That’s all.

Seriously, this simple minded thoughtless bullshit belongs on reddit so fuck off back there, please.

No, I explained to you why people actually like Lemmy and pointed out why claiming "everyone thinks Lemmy is so cool" is literally a thoughtless statement.

I insulted you after because instead of reading that, understanding it, and digesting it, you were like "yup. just like reddit."

But I mean, that's literally what I expect from someone who can only shit out short simple statements. You can't be fucked to actually think about anything and instead are just "Nah everyone sucks because they think it's cool when it's not." which isn't even close to a thoughtfully considered statement.

Sorry, not sorry. I don't feel bad insulting people who deserve to be insulted for their abject fucking stupidity. Especially when they continue to choose to ignore the stupid shit they said, the fact that they've been corrected, and continue to double down like the dumb motherfucker they are.

[–] [email protected] -2 points 11 months ago (1 children)

First off, I have not hurled any insults towards you. But let me explain what I mean when I said, "Just like Reddit." You pretty much are the example of Reddit's toxicity and social media's toxicity in general. Instead of just ignoring my original post or down-voting like a few have already you respond with straight negativity. "Stop bitching and go back to fucking reddit." (emphasis mine) Blah blah blah. Rage rage rage. That response is what I think of when Reddit comes to mind.

Why are you so angry over a comment some random guy made over the internet? Actually I honestly don't care, whether you're having a bad day or have anger issues doesn't matter to me.

Finally, you said that you explained why people like Lemmy I agree with the reason you stated, but you started with insults so fuck off.

[–] [email protected] 1 points 11 months ago* (last edited 11 months ago)

So you're insulted by being suggested you should go back to reddit, and it's clear you have opinions on why reddit is bad?

But when you turn the same insult around on someone else (which failed miserably lol) you haven't hurled insults at me?

If being told to go back to reddit is so insulting, it speaks to why Lemmy is better than reddit and why you're fucking here.

But sure, you weren't insulting anybody with your original statement except to literally everybody on Lemmy. You yourself are insulted by association with reddit, but it's fine to make the same hay of everyone else?

Yeah Lemmy is just Reddit except it thinks it’s cooler than Reddit because it’s not Reddit.

If telling people to go to reddit or comparing their behavior to reddit is insulting (based on your personal interpretation, since you consider yourself insulted by it), then you started off by insulting the entire user base by saying they were more worried about "thinking it was cool."

Get your fucking head checked.

[–] chocolateo 74 points 11 months ago (3 children)

They always say it like its a cute fun thing and not a matter of life or death for certain demographics

[–] [email protected] 37 points 11 months ago* (last edited 11 months ago) (2 children)

"upliftingnews": this 85 year old woman who is taking care of her orphaned great grandchildren had to get 6 jobs at mcdonalds to pay for rice and beans, but she works 21 hours a day with a smile!

And the picture is a broken person hiding behind a pained mask struggling to lift a paper bag to hand someone their oh-so-important happy meal.

[–] littlebluespark 18 points 11 months ago

The system is grinding us to dust. Some more blatantly than others.

[–] [email protected] 2 points 11 months ago* (last edited 11 months ago)

We need a(n) c/orphancrushingmachine.

[–] Fredselfish 12 points 11 months ago

This should be on @aboringdystopia

[–] [email protected] 1 points 11 months ago

Working: the new social security supplement

[–] werefreeatlast 12 points 11 months ago

At my job we got one guy who is 75+ and can barely move around. The CEO and a few others are also hitting their 65s. But it's just a handful. The other people are already dead so they can't work. So si totally agree with that sentiment.

[–] BeautifulMind 8 points 11 months ago (1 children)

And yet, the dominant narrative as their elders crowd them out of jobs, is that young people these days don't want to work

[–] systemglitch -5 points 11 months ago

At 49, I've never heard a single person make that claim.

[–] [email protected] 1 points 3 months ago

They just want more money. We need to wake up before they figure out how to make us work forever by keeping us alive longer.