“Is this the end of retirement as we know it?”
May 31, 2022
“…The number of people working past retirement age has grown consistently since the 1990s. In the US, 32% of people aged 65 to 69 were in work in 2017, far more than the 22% who were working in 1994. In the UK, employment rates for people older than 65 doubled between 1993 and 2018…
If current cost-of-living concerns ease, it’s possible that some older workers will no longer feel the need to be employed past retirement. But general trends – we’re living and working longer, and many of us aren’t saving adequate pension pots – suggest that ‘retirement’, for many, will include working in some form.
The shift to flexible work, however, could benefit both today’s retirees and also the younger workers lamented as the generations who will never be able to afford to retire. Before, the wealth gap between boomers and later generations might have meant many people toiling away at their desks well into their 70s…”
https://www.bbc.com/worklife/article/20220526-is-this-the-end-of-retirement-as-we-know-it
I’ve said this plenty of times. If you’re young do not invest in 401k. It will not be there. It’s a bad investment. As a young person don’t expect to retire. The reasons listed in the link above are different from what i’m saying but the outcome remains the same. No retirement.