The Fastest Growing Demographic In The Workforce? People Over Age 75
The Fastest Growing Demographic In The Workforce? People Over Age 75
A new analysis by Pew Research Center finds that the share of older Americans who are working has nearly doubled since 1987.
Other major drivers behind the boom in older employees include that workers are healthier and less likely to have a disability, and face increasingly steeper financial challenges. Inflation, changes in pension systems and “less generous” Social Security benefits, Fry says, have workers feeling obligated to work longer.
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Older workers "still being healthy" is survivorship bias. The ones who aren't still healthy aren't in the fucking workplace, they're either hospitalized or dead.
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"Obligated." Nobody feels "obligated" to work. We feel like we will die on the fucking streets in our old age because we have a broken fucking system that discards us entirely once we are no longer able to produce economic output.
Obligated my ass, people just want to stay alive, Emmy Lucas of Forbes. Eat shit, Emmy.
They’re craving more money. We need to come to our senses before they find a way to make us live forever to work forever. If corpos could they’d copy your consciousness and make it do spreadsheets until the atmosphere burned up.
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This is terrible, old people need to retire and let the next generation take their jobs and pay.
This obviously means that old people need to be able to retire.
As it stands now, I doubt I'll ever experience the golden years for myself...
What are you doing to ensure your ability to retire at 65? Anything?
Once upon a time, the government ce up with a new deal, to force people to give up a big chunk of their paycheck, so that they'd have retirement income when they got old. They called it an individual retirement account. They mailed out statements. You could look at your statement every year and see what you put in, and what you'd get for it.
Now, they call it welfare... They call it a drain on your taxes (but you young people still pay that extra chunk to this very day... They've hoodwinked your asses into thinking SS deductions are just plain old taxes...). The sentiment is that those people should have planned for their retirement...
Thing is... They did plan for retirement... By letting the government take those deductions...
And again... If those people should have planned for themselves... What are YOU doing to ensure you can retire? Are you gonna rely on the ponzi scheme? You know damned well it's a ponzi scheme. You know it isn't going to be viable when you retire. So what are you doing?
Those old dudes can keep those jobs if they want as far as I'm concerned. I'm old enough to have received "individual account statements" from the SS office by mail, but not so old that I didn't make any other plans (old enough to have had the option to pursue a pension, which sadly is gone for pretty much anyone these days).
I personally feel like anyone born before 1965 has every right to have relied on SS alone, born 1965-1990, you should have seen the writing on the wall, but if you didn't, it's kinda excusable. Born after 1990, you absolutely should not be expecting much out of SS (and frankly, y'all should be pissed off at the SS deduction you pay every check...you're basically being told straight to your faces that it's an outright tax... That is NOT what your parents and grandparents were told...)
If those 70+ year olds had known that SS would devolve into being called a "welfare program", most wouldn't have relied on it (gen x and prior have a strong moral aversion to anything welfare...). They didn't cause this problem, they believed in the government, and government caused it.
Because Republicans have gutted Social Security and promoted the idea that it is "welfare" it's individuals fault for not bowing to the capitalist system and taking the big unlubed dick up their ass to work themselves to death, never take time off, never do anything nice for themselves, and basically only put money away for retirement?
What even is this pull yourself by your own bootstraps bullshit from someone lucky enough to have a pension?
Folks should have seen the writing on the walls?
Dude, pay has been stagnant for fifty fucking years or are you not familiar with this chart?
People aren't getting paid enough to save for fucking retirement, don't give us this "What are you doing to ensure your ability to retire at 65? Anything?"
Have you heard the joke "My retirement plan is to die in the Water Wars."
It's a dark joke borne of desperation because none of us has any money saved for fucking anything, and all of us fear a bleak future where we die in the fucking streets in our old age.
But sure, because we're not dumping the money we don't have into an actual ponzi scheme like a fucking 401K, we're at fault for instead of hoping that our Social Security payments can at least keep food in our bellies when we do inevitably end up on the fucking street. Like literally nobody I know thinks Social Security is enough to live off of and isn't planning on it, but it's not like a lot of these people have a lot of fucking options.
The original Social Security never paid out until TWO YEARS BEYOND THE AVERAGE LIFE EXPECTANCY.
It wasn’t a retirement plan.
It was a plan so the elderly poor could die with dignity.
Literally what the fuck are you even talking about
Look at this goddamn idiot, with his pension and secured retirement. This is how fucking stupid you could be and STILL retire, that’s how good these people had it.
My retirement plan is guns and ammo, and it’s not coming at 65.
Maybe for you it is.
I save privately in funds for my retirenment.
In addition to that the Swedish government has several pension funds that they manage and I will get some money from that.
I honestly don’t know why you’re getting down voted. You’re basically just saying anyone born between a certain number of years should’ve seen the writing on the wall. And anyone born after a certain year should’ve seen and there’s really no excuse to not have seen the writing on the wall. You’re basically just saying don’t rely on the government to have that money because the government isn’t going to. Again I’m not sure why you’re getting down voted.
They always say it like its a cute fun thing and not a matter of life or death for certain demographics
"upliftingnews": this 85 year old woman who is taking care of her orphaned great grandchildren had to get 6 jobs at mcdonalds to pay for rice and beans, but she works 21 hours a day with a smile!
And the picture is a broken person hiding behind a pained mask struggling to lift a paper bag to hand someone their oh-so-important happy meal.
The system is grinding us to dust. Some more blatantly than others.
We need a(n) c/orphancrushingmachine.
This should be on @aboringdystopia
Working: the new social security supplement
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At my job we got one guy who is 75+ and can barely move around. The CEO and a few others are also hitting their 65s. But it's just a handful. The other people are already dead so they can't work. So si totally agree with that sentiment.
And yet, the dominant narrative as their elders crowd them out of jobs, is that young people these days don't want to work
At 49, I've never heard a single person make that claim.
They just want more money. We need to wake up before they figure out how to make us work forever by keeping us alive longer.
Many of these old farts don't go back to work because they need the money. It's because their greed is unbound.