[HN Gopher] Millions of Americans retired early. Now they want t...
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       Millions of Americans retired early. Now they want to work again
        
       Author : paulpauper
       Score  : 13 points
       Date   : 2022-04-03 20:12 UTC (2 hours ago)
        
 (HTM) web link (thehustle.co)
 (TXT) w3m dump (thehustle.co)
        
       | sircastor wrote:
       | > the federal government is on the verge of making retirement
       | more appealing. The Secure Act 2.0 would boost employees' 401(k)
       | plans
       | 
       | While I think it's probably a good move, a 401k fundamentally
       | means relying on the stability of the market to protect your
       | money. I think we've moved past market reliability. The market is
       | stable over a long term, but that term has exceeded the average
       | retiree's age.
        
       | nextstep wrote:
       | "Want to work". They don't want to work, they want a life that
       | they should be able to have at that age after working most of
       | their lives. They are being pushed back into work because their
       | savings disappeared in the financial crisis.
        
         | MisterBastahrd wrote:
         | Nah.
         | 
         | They want the life their parents had and deprived them of, and
         | many were dumb enough to move from their homes which they
         | purchased cheaply decades ago to buy new homes which are
         | usually more expensive and carry a much higher property tax
         | bill. Their folks are the ones who all worked and earned
         | pensions and then revoked them for their kids because they were
         | "too expensive" to maintain. The "Greatest Generation" lived
         | high on the hog and many of the Boomers who were not fortunate
         | enough to retire on a pension are the ones who ended up paying
         | for it.
         | 
         | If you want to know why Boomers are so heartless when it comes
         | to the plight of the generations that came after them, this is
         | a big reason why. They just assume that life is going to suck
         | regardless of what you do and would rather remain cogs fixed in
         | the wheel than do anything to actually improve something for
         | everyone else.
        
           | 0des wrote:
           | The way you use the word Boomer here is with such derision.
           | What happened to you man, is this just you or is it a
           | generational thing or what
        
         | mensetmanusman wrote:
         | As the worker:retiree ratio goes from 5 to less than 2 in the
         | coming decades, I hope people realize this will be more of a
         | luxury to retire.
        
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       (page generated 2022-04-03 23:01 UTC)