What the hell is this shit? Instead of pushing for the return to traditional pensions, capitalism is celebrating the idea that Millennials and Gen Z may simply never be able to stop working.

I could see some people wanting low level jobs in their retirement because they don’t know what to do with their time otherwise.

But it should absolutely not be a requirement.

Lol even the summary says what they really mean

3 in 4 of Gen Z would rather have a better quality of life than have extra money in their banks, a report by Intuit shows.

“3/4 of gen z know that the world is probably gonna be pretty fucked up when they reach retirement age, so they’re doing their best to live an ok life before that happens”

So sick if seeing these articles framing "millennials/gen z killed xyz" as a preference or a want.

Remember when we killed the diamond wedding ring industry? We can't pay our rent ffs.

Main reason I never had kids was I was screwed over by just about everything financially. Student loans, housing/“financial crisis”, medical system, deck stacked against self-employment, predatory credit cards. Great job, USA. Then the same cunts who did that bemoan low birth rates and cry about immigrants.

I saw a report that someone my age will need $3m to retire at 65. The average total income from 22-65 for people my age is around $1.4m. So I guess we never get to retire.

Historically no young generation has saved a lot. It is when you get older you realize how much it matters.

As a person over 40 years old, let me be clear: I never want to work.

Want is not the right word there, and it completely changes the message.

Or perhaps it's the right word, because it completely changes the message in precisely the way they intend.

In older vocabulary, "want" was actually the stronger form of "need".

Perhaps we're returning to tradition in more ways than one?

It's a way to turn people off of what they really mean.

"Quiet quitting" is just doing your job. Trying to make it seem like breaking your back to help someone profit is the minimum to do unless you want to be branded a quitter.

"Soft saving" is apparently the requirement of working til your dead because no one gets paid enough to...hard save...I guess.

news is profit driven, so it literally always has someone's agenda behind it... (e.g. always propaganda) this appears to be corporate flavored

This is some straight up Manufacturing Consent shit that's designed to make you think being poor and working until you fucking die on the assembly line and have to have your corpse dragged into the dogfood machine by the other wage slaves was your idea.

Forgot the guillotines silly!

I do the manual labour while machines paint and write poetry, this is not the future I expected.

Here's a study of work hours from medieval times until now, by my favourite YouTube channel, Historian Civilis: https://m.youtube.com/watch?v=hvk_XylEmLo

Most people are using that extra productivity to have more toys. Houses are much larger than 70 years ago. People now commonly have AC in the house. Most people have a phone/computer in their pocket (the video phone of 1950s science fiction not only exists, and it isn't a room sized machine but something even kids have in their pocket). You don't have to - get rid of the phone and you save a lot of money per month - but most people have chosen not to. Maybe they just feel forced to, but it is still a choice and there are a few people who by not having them prove it isn't forced.

Generally the people being discussed in this article are not poor and underpaid, but rather prefer work-life balance to be heavily slanted toward "life" and "experiences" rather than "work as much as possible to make as much as possible."

I don't get the privilege of having a life, why shouldn't we get to work till death?

Additionally, inflation makes it harder for people to cover their expenses or save, Koehler said.

I feel like this is the most significant piece of information in the entire article and it just skims over it. People aren't failing to save because of lifestyle choices. They're failing to save because groceries for 1 person costs like 200 bucks a week in some cities. Shit is more expensive than ever before, and things like home ownership, which is historically THE default hedge against inflation, is outside the grasp of pretty much anyone below 40 who isn't a doctor or working in a similarly lucrative field.

I think the formula for minimum wage should be as follows

Minimum wage adds up to enough per month that the average number of hours worked times the minimum wage are large enough for the national average for rent to make up at most 40% of a minimum wage worker's budget.

If a county (or equivalent subdivision) has a higher average rent than that average, the minimum wage there is the same formula but for that higher average rent instead of the national average.

If there's a discrepancy between where someone lives and where they work, their minimum wage is the higher between the two.

The only modification I think it'd need is maybe finding a scientific way to replace monthly rent with "average monthly expenditure" so that folks getting billed for medicine aren't being screwed over, but frankly a country that can get the above proposition done is probably one that made UHC happen too anyways.

Also just to keep those landlords from thinking they can get wise, rent can only be raised on lease renewal, and only by as much as the reported inflation rate at the time of lease renewal. Also, constructive eviction to try and get around this is a felony and you lose all rights to own housing property other than your own home ever again.

Na, medical care and medicine are better than they've ever been. They'll save you from your heart attack and you'll spend the next 3 decades paying for heart medication.

If my calculations are correct, my cheeseburger and pizza diet will kill me around the time I want to stop working. That’s my retirement.

A better retirement plan would be Costco hot dogs.

I stand with ye

Same as WSJ. They exist to manipulate people with pro-.1% propaganda.

I think there is also inflation fear and a understandably low desire to try and save/invest. I know a few people that just had to start working again because the money they had coming in for retirement was not enough for what they thought was their lowest acceptable standard of living.

Its not hard to see with inflation above return on most safe investment vehicles (GICs paying 4.5% max with inflation at 5%) that people don't see the point.

I don't know, this article seems horribly out of touch. I mean you have the opinions of Intuit, who feed on your tax return, and Blackrock, the company often cited as the reason Millennials and Gen Z will never own a house. They have a vested interest in keeping people paying income tax and taking out loans.

So glad someone else read the article. I really thought we'd escape clickbait like this post on Lemmy, but there's so much rage people are up voting this stuff and commenting how horrible it is based on the false title, not the actual article which is freaking survey results.

Like yes things are bad, but these results could have printed about any generation at any time post 1940s (advent of the concept of young adulthood) as long as they were all under 25.

Three in four Gen Z would rather have a better quality of life than extra money in their banks, the Intuit report shows.

This just in - young people thinking on shorter time horizons, bad at planning for future. More in tomorrow's newspaper dated any time in the last hundred years or so.

{SIGHS} Don't eat the rich. That's how you get easily communicable diseases. Instead you should compost them and use them to grow a nice, non edible garden. Preferably one that's good at sequestering carbon!

Would be a shame if some internet pals showed up with cyber punk guillotines and a fanny pack full of Mollys and said "pick one."

It's just as easy for a market crash to get rid of your private retirement fund.

Lots of people start their working careers with the mindset of continuing to do some form of work in retirement. As you get closer, that opinion often changes.