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Unfortunately, our generation of nineties, and later will have to work until our deathbed. That's the brutal truth.
by baybal2 5y ago
Unfortunately, our generation of nineties, and later will have to work until our deathbed.
That's the brutal truth.
- bradleyjg 5y agoYour generation has embraced FIRE in a way a lot fewer in mine ever did. Some people are clearly making it work. Others are taking out more student loans for their third masters degree because their other careers weren’t an authentic manifestation of their inner identities.
- nickd2001 5y agoFor some people, work almost until death might be OK, health permitting. Biden, Trump, Pope Francis (to give a politically balanced mixture ;) ) are all happily working hard well beyond retirement age. For an elderly couple with home paid off, if one still worked part-time in a decently paid job, they could be OK financially without much pension (with some caveats including healthcare costs particularly in US) . I guess, to protect ourselves in old age, we can try to maintain healthy habits, and try to manoeuvre our career to a place with decent part-time opportunities in old age, just as much as save money. This doesn't give any guarantee, but then, saving tons of money doesn't address non-treatable health problems, nothing is certain. I guess in a nutshell, my argument is (a) people might not as screwed financially as they fear, with a little imagination, health permitting (b) OTOH the bigger issue, much bigger than pensions, is healthcare costs and a lack of support for those who fall ill, which could actually happen at any time not just in old age