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> An important contribution to long-term sickness volumes has come from the large number of "baby boomers" (those born between 1946 and 1964) approaching retire
by walthamstow 3y ago
> An important contribution to long-term sickness volumes has come from the large number of "baby boomers" (those born between 1946 and 1964) approaching retirement.
Anecdata from my parents peer group (born early 60s, working class) indicate that at least some of these people are faking it for a soft landing into retirement.
They had a taste of retirement with furlough and they simply don't want to work any more. They don't need to, either, because asset inflation (including property inflation in suburban London) has subsidised their lifestyle for years and will continue to subsidise their retirement.
- jl6 3y ago> They had a taste of retirement with furlough and they simply don't want to work any more. They don't need to, either, because property inflation in suburban London has subsidised their lifestyle for years. I know quite a number of people doing exactly this for exactly this reason, but they are quite open about it and aren’t faking anything.
- butler14 3y ago>I know quite a number of people doing exactly this for exactly this reason, but they are quite open about it and aren’t faking anything. Same, I can think of several people I know that fit this category -- they've built enough wealth and WFH/furlough gave them a taste for what they were missing by not having retired early -- so they retired early I just hope they actually spend some of that wealth rather than keeping it sat in savings account I also hope they look at young people today and recognise the economic difficulties many are facing: getting on the house ladder, getting stable employment, getting above inflation pay rises