“A lot of boomers have saved little to nothing for retirement. For them staying in the work force after 65 may seem more attractive than subsisting on SS.”
Very few boomers, in the business world, we know, are able to fully retire after the economic meltdown. So they are drawing SS and working.
The only ones we know, who can afford to fully retire, are the teachers,firemen, policemen, and other city/county/state employees. Their retirement pay is excellent as well as their health benefits. I just posted a reply about “poor” retired teachers in Europe, S America, Asia and ? for a month or more on vacation. I don’t know any retirees from the private sector taking one month vacations.
Gramps is right. Many boomers aren’t able to retire because their 401Ks are now 201Ks.
However, many of us boomers saw Reagan try to fix SS, and were skeptical. We have been living as though SS and Medicare wouldn’t be here at present, and have lived our lives as though we could not rely on seeing one thin dime of our forced “investment”.
Gramps is, also, right about government union retirees. Their retirement packages aren’t sustainable.
Support Gov. Walker in his recall election. That is the second most important election this year.