Where We Live: UnRetirement Planning
The French take to the streets, while Americans stay in the office
In France, workers are striking over an increase of the retirement age from 60 to 62. Meanwhile, Americans have given into the idea of working AFTER retirement.
Call it what you will unretirement, encore career, working retirement - this generation of retirees, thanks to the economy, but also changing attitudes about work and aging, are defining a new genre of post-retirement work, in full and part time jobs, sometimes in entirely new careers, after they start receiving social security benefits in order to make ends meet or maintain a comfortable lifestyle.
A new study by the Families and Work Institute (FWI) finds that 20 percent of employees over the age of 50 have officially retired and then returned to the workplace not just begrudgingly, but with a renewed purpose. For many, a later retirement isn’t all bad.
Today we’ll talk to one of the lead authors of the study on Working in Retirement, and the director of the retirement research center – to see how American’s attitudes towards retirement have changed over the years. Will Americans take to the streets like the French or will our workoholic ethos embrace the reform and define a new life stage of the empowered, active elderly?
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