The Forces Shaping Retirement in the 2020s
This is the decade when retirement gets redefined. The era of trading a long career for a pension, a gold watch and afternoons on the golf course ended long ago. In its place, today’s retirees face growing financial pressure from multiple directions, including the looming fiscal crises for Social Security and Medicare.
This is the decade when retirement gets redefined. The era of trading a long career for a pension, a gold watch and afternoons on the golf course ended long ago. In its place, today’s retirees face growing financial pressure from multiple directions, including the looming fiscal crises for Social Security and Medicare.
The remedies for these financial pressures can sometimes exacerbate economic divisions. Retirement for the middle or working class is changing more than retirement for the wealthy. “There are already different levels of retirement,” says Jason Schenker, an economist and chairman of The Futurist Institute.
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