2 ms·
To be fair, we should all work to normalize retiring at 55 - it’s eminently doable but the earlier you decide to the easier it is.
by bombcar 2y ago
To be fair, we should all work to normalize retiring at 55 - it’s eminently doable but the earlier you decide to the easier it is.
- s1artibartfast 2y agobut nobody likes working even longer to pay for others to retire earlier.
- bombcar 2y agoYou can do it entirely “yourself” if you adopt FIRE concepts early in your working career.
- jltsiren 2y agoThen you would have two retirees for every three working age people. And given that only ~70% of working age Americans are actually working, it would mean three non-working adults for every two adults with jobs. Either the retirees would have a really low standard of living, or workers would get much smaller share of the value they create than they currently do. If you are not already retired or close to retirement, you should assume that the normal retirement age is ~70 years. Anything lower cannot be sustained with the current demographic structure.