Posted on 02/12/2014 9:08:22 PM PST by smokingfrog
I retired early on my own terms, last Fall, at age 52 after over 30 years in Hi-Tech Engineering.
I’ve saved & invested enough to earn it.
Everything is paid off; I owe no one even a Penny.
Part of it too is I’m sick & tired of so much of my earnings are going to excessive taxes.
My little part of “Starving the Beast”...
“I did not plan on retiring. The economy did that for me.”
They really should change the wording from people “retiring” to people “being retired”; it certainly would be more accurate. The fact is that people in your demographic often had slaries and benefits that companies wanted eliminated, and you were probably a casualty of that process. They’re continuing to move down the age/wage ladder to end up at a level where a young person can pay a share of rent and buy basic necessities; families and homes and no longer in the cards for younger American workers (in most cases).
There’s still a few “employed” demodummies that need to be in that line. (They live in the White House)
The real questions are
1. Are these workers being involuntary released.
2. Are they being replaced?
If they are being replaced, it may open up some opportunities for younger workers. If they are not, as I expect it to be, they are going to result in a higher demand for benefits with a lower number of people paying in.
Thanks to Obamas economy this boomer and her husband will be working for the foreseeable future.....
I think there are a lot of people working off the radar these days.
Illegal aliens.
“I think there are a lot of people working off the radar these days.”
Me too. I haven’t heard a word about the underground economy in years. Someone somewhere must be tracking it. I’d bet that it is huge.
I am sure it can by race, sex, ethnicity, etc. The data exist.
Although not a mistake, assuming retired boomers are not in some manner employed or working is an error.
Some certainly are not, but there are others that find they must be doing something besides what they did for years and years.
IMO most Americans have not saved for their retirement. They will have to work to survive. About one-third of Americans over 65 depend on SS as their sole source of income.
Obamacare is just one other way they can track people that are not paying taxes.
Your logic is sound, but I think a lot of people are dropping out of the work force long before they reach the age of 65.
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