With us living longer, it actually doesn’t seem like a good idea for many people to retire at 55. In fact, if I’m healthy at 65 I will still work. It’s not that retirement doesn’t sound fun (if you have the $$ to enjoy it) it’s just that I would rather be doing something productive, at least part time. People didn’t used to think that there was a certain age at which you just quit working and relaxed.
susie
More power to you Susie. That’s personal choice and it’s what freedom is all about.
I retired at 54 and am 62 now and I love every day of it. I am as busy as I want to be and I don’t need an alarm clock.
That sure makes it hell for the younger guys to get promotions and paychecks that come with more responsibility. With the top end occupied, we have to wait until somebody dies to get a promotion or a raise.
That makes it hell to start a family and buy a house....
Do we wonder why guys in their 30s have a lower real-wage than their fathers?