All the talent we have been losing to retirement are going to accelerate the rate of decay of quality across the board in America and in much of the Western nations.
“Estimated number of excess retirees”
Hmmm... I’m not retired but I am a member of that cohort.
“excess retirees”... not sure I’m comfortable with the way they put that. :-) :-) :-)
>> A Pew Research study found that, 40 years ago, ~11% of Americans aged 65+ were working; today, it’s 19%
... because GenZero has neither the skills nor the work ethic to pick up the load!
The last vestiges of the baby boom are aging out. They’ve passed through our demographic charts like a snake eating a bowling ball and they’re headed for the exit.
CC
I retired the month I turned 60. Next month will mark the 10th anniversary of my retirement and I still have zero regrets. Just wish I could have done it sooner. I don’t miss work one bit.
A country boy can survive.
All we need is a good
working shotgun, and sharp axe.
Boomers still know and
believe what it takes to
MAGA.
And we still kick some millennial butt in the workplace. Sorry, but it’s true. See it every day.
I’m part of the late boomer crowd. I don’t have the resources to quit working, but I don’t mind. I like doing what I’ve been doing the last 40 yrs, and hope to keep doing it til the kids take my car keys.
Bfl
I signed up for Socialist Insecurity early. I wanted to collect something before the whole Ponzi scam collapses.
No, don’t tell me: The models were—wrong!?!
As many of us would have liked to have retired earlier, we can not due to those changes. Here's why we HAD to wait for full retirement age (FRA) after age 66. The law change states that if you retire BEFORE your specific FRA (see www.ssa.gov for more informatioin on that), you will not only receive a reduced benefit, you will be subject to the income limit established by the Social Security Administration (Who gave THEM the right to set that income limit amount, hmm???). So, per that law, for every $2 you earn above the income limit (about $21,000 last year I believe.), the Social Security Administration will reduce your Social Security benefits by $1.
So, if you earned, let's say $41,000 last year while receiving SSA benefits, your SSA benefits WOULD HAVE BEEN REDUCED BY $20,000!!! So, when you most need money in old age to be able to invest as needed to provide steady income so you CAN QUIT YOUR REGULAR JOB, now, you can't because ESPECIALLY WITH THE RECENT, PRESENT AND SURE TO BE ONGOING INFLATION, some of us WILL NEVER BE ABLE TO RETIRE. This very thing is unforgiveable even if you're holding a gun to my head. The physical pain I suffer every day going to work, having to put up with Godless customers (many of whom are illegal aliens with almost NO values), traffic and a host of other problems that come with having to leave the house every day leave me without words.
The straw that finally broke the camel's back is the Biden Administration's declaration of March 31 as Transgender Visibility Day. Those perverse people, some of whom I serve at my job with respect and dignity (they have no idea how I think), absolutely hate white males, hate Christians and have killed (documented) and want to kill us are honored for something they never did - become part of our social fabric and supposedly major contributors to our nation. Just for disagreeing with their lifestyle or criticizing them, they have killed good, innocent people (and little children) and want to kill more of us. If we were to express the same hatred for them or kill them and still want to kill them, the government (read FBI) would be sent to deal with us. YET, THE GOVERNMENT HONORS THEM AND TRIES TO FORCE US TO DO THE SAME WHEN THEY ARE POTENTIALLY PSYCHOPATHIC MURDERERS (read about Sodom and Gomorrah).
You Fedboys don't have to worry about that with your special retirements, superb health benefits, free education, long vacations and PHENOMENAL SECURITY AT YOUR FACILITIES set up for you. You have it made AT OUR EXPENSE AND I KNOW FIRST HAND ABOUT THAT. You know what the government has done and is doing is wrong. If you have any conscience left, remember that as you keep working for them my FBI friends. You have sold your soul to the devil.
I’m in that demographic.
L
Yes except they do not reach full retirement until almost 70
And over 4 million people over age 65 will die....
Someone stole the lock box D.C. turns the lights out.
***a record 4.1 million people are set to celebrate their 65th birthday in the US in 2024***
When the Social Security program was made law the retirement age was 62. But the average life span for an adult male was 57. The program would never run out of money as most were dead by 62.
Then came Penicillin.
https://www.ssa.gov/history/ssa/usa1964-2.html
Self-Supporting
“The program is designed so that contributions plus interest on the investments of the social security trust funds will be sufficient to meet all of the costs of benefits and administration, now and into the indefinite future—without any subsidy from the general funds of the Government.
Both the Congress and the Executive Branch, regardless of political party in power, have scrupulously provided in advance for full financing of all liberalizations in the program.”
And now for something completely irrelevant:
68% of senior pet owners have dogs, while 48% have cats.
https://www.moneygeek.com/insurance/pet/taking-care-of-a-pet-as-an-older-adult/
Woof and meow!