[catnipman]

we were just discussing this very issue a couple of days ago,namely how many we know who just retired and/or took early retirement and were counting their blessings that they were now “out of the craziness”, and the implications to the functioning of our economy and our country by losing such a gigantic chunk of knowledge, skills and wisdom from every sector of our workforce all at once ...

yet ANOTHER of the MANY results of the leftist fascist to destroy the wealth and vitality of our country ... obama could only DREAM of what the dementia joe puppet shadow string pullers have been able to “accomplish” in reducing our country to “nothing special”

[Grampa Dave]

You can now get a reverse mortgage if one of the couple is 55.

So if you like where you live, you can live there rent free after you get a reverse mortgage.

Is there a minimum age for a reverse mortgage?

Can you get a reverse mortgage at age 55?

Besides being at least age 55, there is no maximum reverse mortgage age limit for applying for a reverse mortgage. The only condition for age is that you should be at least 55 or older. Older borrowers can access a larger part of their home’s equity.

[crusher2013]

Anyone over 55 has ageism working against them.

Employers usually don’t want to hire older workers because of the health care costs and they figure that they won’t be around very long anyway.

So many of them have decided to retire and do other things with their life.

[olivia3boys]

Well, maybe this is a silver lining for my generation—I’m Gen X, and all of my direct reports and my management above me are older than me—and I’m in my 50s! The majority are in their 70s, still working. And my children—Gen Y and Gen Z—can perhaps benefit as well. Time for some “succession planning” maybe.

[Fido969]

Who is going to replace the boomers?

[willk]

I see many retired people living in tents along side freeways in California. These people retired in their 20s and 30s because the government has made it so easy to live a bum’s existence. There are YouTube videos of them in Kensington part of Philadelphia where they hang out doing what I call the Fentenyl Dance where they look like they are trying to crap in their pants.
https://youtu.be/HRqQ6-ANjL4

[joma89]

Going...going...Galt!!!

[central_va]

Now if we can convince businesses to stop arbitrarily setting wages and learn to pay market wages for labor all would be fine.

[keats5]

They didn’t call it “the baby boom” for nothing!

[gitmo]

I plan to retire in a year at age 71.
Primarily because of these vaccine mandates and mask mandates.
I can well afford to retire. But I like working.

[bert]

Retirement kills

[Chewbarkah]

Can these Goldman Sachs researchers comprehend the expression “Gone Galt”?

[logi_cal869]

Ummm...I predict that many of them WILL reverse when they get done diminishing the buying power of said retirees’ income.

I also predict that a looming crisis exists as a result of “inflation migration”...effects of which on liberal urban centers which will merit popcorn & beer.

[Robert A Cook PE]

Now, in addition to these millions who have ALREADY retired, let us add the Dec 08 (Wait, now it is January 5!) forced/mandated/enforced/voluntary “retirees” (er, fired) workers who left rather than puking up with Biden’s disastrous mandatory vaccine policies.

Many in my company are just saying, “Fine, you demand vaccines, I retire.”

[House Atreides]

I live in Maryland where a huge chunk of the “work” force consists of FEDERAL EMPLOYEES and FEDERAL CONTRACTORS. From what I understand, many of these people are still working from home most (or all) days.

I’m sure many of these federal employees have found pretending to work at home easier than pretending to work while physically present at their employer’s location. Once they are FINALLY required to go back to their offices, many who may have deferred official retirement during the “arduous” work at home period (it’s likely better to get FULL SALARIES while staying at home than to get the lesser retirement payments while staying at home) will finally retire. I suspect we’ll be reading about a government retirement wave at that time.

[Malsua]

I’m one too.

I told them I’m moving to Florida and I did. They still pay me because they can’t do without me, even after nearly 8 months.

After working the entire pandemic in person, assuming duties of several people and getting a $50 gift card as thanks?

So long and thanks for all the fish.

While I’ve visited the main office a few times since moving, I can live mask free in Florida and do much of what I did remotely. Eventually I’m gone, but not going to get another 7-4, hell commute type job again for any reason.

[minnesota_bound]

I will retire next Friday. I have enough saved.
The company I work at is closing the Help Desk I am in and moving it to Poland.... Of the 11 people on the west coast help desk I am the last one who would be in the office as everyone else either quit or moved out of state. The replacements are from capgemini and not hired locally.

[2 Kool 2 Be 4-Gotten]

First take - those folks at GS must be some real geniuses to figure this out.

Second take - nobody wants to work any more. This is probably not a good thing.