Count me in. I turn 62 in 2016. Assuming we still have a country then, I’m going for the early retirement. I can still augment my income via contracting a few months out of the year (so I don’t make too much money). Those typically pay between $40 and $75 an hour.
Then I can make quite a bit buying and selling used stuff. It’s something I discovered is a huge cottage industry here in rural KY. We already have a booth at a local Antique mall. We could end up with a couple dozen.
Which means if Obama is reelected the unemployment rate will continue to drop as people leave the workforce.
By choice?
You should see the building I work in. It is a geriatric place. The number over 60 are astonding. I am looking forward to the promotions as they bail. I am the thrid youngest in the building and I am 43....Tons of Baby Boomers.
Not altogether bad, considering we have shipped 90% of our industrial expertise out of the country in exchange for a fatter profit margin for a few.
Not gonna happen.
First, there’s no money for all of us to retire.
Second, in too many companies there is nobody to replace us.
As I tell my wife, “the day they put me in the pine box, I AM taking sick leave, I don’t care who it pisses-off”
I’m almost 62 and plan on working until they take my ID away and I can’t get to work.
40 percent of the workforce? Seems a rather high estimate.
I just hope the younger set can handle it, but I have serious doubts. We designed 386 & 486 mother circuit boards. Only took one designer. I know of one company that is designing boards like that and they have four designers working on the design and they take the same amount of time one of my designers took. I hope companies keep some of the old timers around to train the younger ones. Work ethics aren’t the same though.
With the Baraqqi Depression in full bloom, it’s ugly for the folks that remain working.
The place I retired from doesn’t replace anybody, and works the remainder like rented mules.
With limited job options here in the Midwest, many are stuck.
During the Free Republic March for Justice in October 1998 at the Washington Mall, someone from State Farm told how the Clintons had extorted a lot of money from them. (I wasn't there but watched it on C-SPAN.)
FrogDad and I will both retire at the end of this year.
Not very likely to happen. Most can’t afford it and it may just get worse.
80mm boomers aren’t going to be selling stock at robust prices to 45mm of the 13th generation who have missed a good part of their prime wage earning years and the 70mm millennium babies are going to arrive and start buying too late to be of much help.
Ditto on selling assets.
Once you get off the horse you’ll not get back on. Nothing worse than guessing wrong, running out of money before you run out of life and not being well enough to re-enter working.
The jobs will got overseas. Simple.
We don’t have the will to keep them here.