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What the hell is this shit? Instead of pushing for the return to traditional pensions, capitalism is celebrating the idea that Millennials and Gen Z may simply never be able to stop working. (www.cnbc.com)

submitted 1 year ago* (last edited 1 year ago) by ASK_ME_ABOUT_LOOM@sh.itjust.works to c/workreform@lemmy.world

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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.

...

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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[-] xaetrus@lemmy.world 39 points 1 year ago

A soft lifestyle? And to think this whole time I thought it was just called "being poor and underpaid"

[-] SCB@lemmy.world 1 points 1 year ago

Generally the people being discussed in this article are not poor and underpaid, but rather prefer work-life balance to be heavily slanted toward "life" and "experiences" rather than "work as much as possible to make as much as possible."

[-] CosmicCleric@lemmy.world 11 points 1 year ago

Generally the people being discussed in this article are not poor and underpaid

From the article, buried inside of it...

Additionally, inflation makes it harder for people to cover their expenses or save, Koehler said.

A report by Blackrock shows that in 2023, only 53% of workers believe they are on track to retire with the lifestyle they want. A lack of retirement income, worries over market volatility and high inflation were some of the reasons cited for a lack of confidence about retirement among workers.

I know the article insinuates it, but I don't think we can assume that people can afford more but just don't want to spend more, to protect their lifestyle.

I believe it's more of people want a better lifestyle and they're not getting paid enough for it, that they're expecting the same lifestyle that the previous generations had, and are not being selfish and asking for more than others had.

[-] randomdeadguy@lemmy.world 0 points 1 year ago

Yeah! They should be raising themselves up by pulling up those bootstraps. That's the way anyone can reach a higher socio-economic status. America!! /s

[-] SCB@lemmy.world 1 points 1 year ago* (last edited 1 year ago)

This really has nothing to do with "bootstraps" which is a satirical metaphor (originally satirical) about climbing from poverty.

this post was submitted on 23 Oct 2023

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Work Reform

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A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.

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All workers must be paid a living wage for their labor.
Income inequality is the main cause of lower living standards.
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