4 ms·
Yeah, certainly from a UK perspective that part of the GP didn't ring true. While my parent isn't one of the boomer generation that will be extremely well off a
by Guid_NewGuid 4y ago
Yeah, certainly from a UK perspective that part of the GP didn't ring true. While my parent isn't one of the boomer generation that will be extremely well off and I personally worry for their retirement, across the generation in general I think they might have experienced the peak retirement experience.
I personally don't think retirement as exists today will be a thing by the time I reach the same age. I haven't really looked much into the history so I could be way off base here. My impression is pensions, state provided and private, only really came into being post WW2. While the age distribution was able to support it there was something of a golden age for the older cohort of the boomer generation with final salary pension schemes, retirement at 50, etc. As the population pyramid continues to invert the pyramid scheme begins to collapse.
Whatever the answer to old age ends up being I don't think it will be particularly recognizable relative to schemes today. Certainly there seems to be no answer to what happens when the next generation of retirees has no housing security or wealth, thanks to the growth of real estate speculation worldwide and rentier capitalism draining younger generations of all wealth.
I often joke that my retirement plan is to rob a bank, either you get the money and run away to somewhere with no extradition, or you go to jail and get bed and board.
- TheFattestNinja 4y agoTo tie into the original post, we joke that our retirement plan is a good backpack for the post-apocalypse wasteland (you get to choose your flavor between war, climate, or many others) trekking, so I like your scenario better.