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.
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.
Generation Z is leading the "soft saving" trend, a new financial approach that prioritizes personal growth and mental wellness over aggressive saving goals.
Traditionally, retiring entails leaving the workforce permanently. However, experts found that the very definition of retirement is also changing between generations.
About 41% of Gen Z and 44% of millennials — those who are currently between 27 and 42 years old — are significantly more likely to want to do some form of paid work during retirement.
...
This increasing preference for a lifelong income, could perhaps make the act of “retiring” obsolete.
Although younger workers don’t intend to stop working, there is still an effort to beef up their retirement savings.
It's ok! Don't ever retire! Just work until you die, preferably not at work, where we'd have to deal with the removal of your corpse.
You're viewing a single thread.
So much propaganda in this article.
Knowing you won't be able to retire, and making plans accordingly, is acceptance of the situation.
It's not a fucking preference.
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.
For sure.
A some people do just like to work.
But I think most people would prefer to do their own things, work on their own projects and hobbies, instead of someone else's.
Acting like it's a preference to work past retirement, instead of a the financial reality for most of us, is such a load of horseshit I was tempted to write a complaint to the editor that this wasn't published as an opinion.
I worked with a guy who only worked 2 hours a week, in his retirement.
Then some shit hit the fan in the financial world, and he suddenly worked every day, 8 hours. He had lost all their savings and now had no choice but to work.
And the entire time, he blamed illegal immigrants for crashing his stocks. In the housing market.
Was this in 2008?
Definitely. When I was a teenager this retired guy Al worked at chick fil a with me, not because he needed to but he wanted to. He had a cushy position too. He would just go talk to customers and make sure they had refills and stuff. Great guy, taught me a lot about life.
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”
Literally all of the climate change stuff they said was going to happen 50 years from now is happening now. So yeah I'm going to be 70 years old fighting for scraps with a billion refugees in lower Canada. Why the fuck shouldn't I make sure I have fun now? The odds of getting enough money to get out of that situation are vanishingly small so fuck it.
“soft life” is a lifestyle that embraces comfort and low stress, prioritizing personal growth and mental wellness.
What a fucking garbage take.
This isn't a lifestyle. This is how life used to be for most people.
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.
That industry deserved death tbh, and so does the diamond mining industry in general
They used to advertise a diamond engagement ring as costing 'three months' salary' since that was painful, but affordable.
Who can afford to sacrifice one month's salary anymore?
This is it, right here. I'm a little older than the age range listed in the article and I literally became a nurse with the explicit expectation that I will have to work until I can't stand up anymore. At least this pays well and gives me lots of options for working environments that might be a little more compatible with old age.
But the idea that I'll ever be able to not work AND also afford healthcare? Impossible. Not going to happen. Might as well accept it.
News update! Young people enjoy freezing temperatures so much they get coats. More at 8.