Concerning Trends in Retirement – More Less Than Random Thoughts

  • Lack of sufficient savings
  • Inflationary pressures
  • Rising credit card debt
  • Half of respondents said they had saved less than what was needed for retirement.
  • When we asked an open-ended question about why they rated their satisfaction with retired life as they did, inflation was a major reason.

The ‘Concerning Trends’ in Retirement Now https://www.kiplinger.com/retirement/concerning-trends-in-retirement-now

I’ve decided not to retire. Wait, let me clarify my statement.

I’ve not changed my mind about my decision not to retire five years ago.

I love double negative sentences.

 Fewer than twenty percent of older people worldwide enjoy a retirement pension that is enough for them to live off. Although countries like China and India are now also developing their pension systems, the prospect of most older people receiving pensions totaling 60 to 70% of their final salaries remains a long way off.

The invention of retirementhttps://www.swisslife.com/en/home/blog/interview-matthieu-leimgruber.html

The majority of our friends are retired. I’m always asked when I’m going to retire. My quick answer was always “Don’t know”. I’ve since modified my response to “Two to four years”. This has been my answer for the past two years. Might still be my answer next year too.

https://www.kiplinger.com/retirement/retirement-planning/the-90-rule-of-retirement-live-long-and-prosper

Nearly 40% of Americans ages 55 and older were employed in 2024, according to the Bureau of Labor Statistics — a striking shift that’s even more dramatic when you look at the oldest workers. Today, 2.8 million men over 70 are working in the U.S. — part of an extraordinary long-term transformation in which employment among Americans 75 and older has quadrupled since 1964. More Americans are ‘unretiring’: 5 money factors to weigh before joining themhttps://www.aol.com/finance/retirement-planning/article/unretiring-is-trending-5-money-factors-you-should-consider-first-153926242.html

I think I’ll retire in two to four years.

Would You Pay $700.00 a Month to Live in One of These?

Brownstone, by virtue of renting cheaply in a city with sky-high prices and a dearth of new housing, has received thousands of applications for its $700-a-month pods over the past few years, Stallworth said. He thinks there’s at least “10,000 people probably interested in being in San Francisco at any time” and pointed to the tens of thousands of applications that Y Combinator, a local startup incubator, has received in recent years.(Startup founders make up a sizable share of the Mint Plaza building’s residents, Stallworth said.) Startup behind $700-a-month bed ‘pods’ wants to put 10,000 more in San Franciscohttps://www.sfgate.com/tech/article/startup-bed-pods-san-francisco-21029460.php

I keep telling The Boss all I’m trying to do is to make our retirement income last as long as we last.

Rejected. Again.

Random Thoughts on Retirement and Longevity – Can Remote Work Delay Retirement?

The mortality impact is interesting

The Journal of Epidemiology and Community Health found that those who worked just a year beyond retirement age had a 9% to 11% lower risk of dying during the 18 years the research covered, regardless of health. Could Remote Work Delay Your Retirement? https://www.kiplinger.com/retirement/retirement-planning/could-remote-work-delay-your-retirement

If you only eat “superfoods” will you have a long life?

“There is no single secret to living a long, healthy life.” Salvatore Di Somma, MD. Sanford Burnham Prebys. “A long and ongoing look at the secrets of human longevity and healthy aging.” ScienceDaily – https://www.sciencedaily.com/releases/2025/05/250505171023.htm

Coffee

All coffee types decrease the risk of adverse clinical outcomes in chronic liver disease: a UK Biobank study

Kennedy, O.J., Fallowfield, J.A., Poole, R. et al. BMC Public Health 21, 970 (2021) – https://bmcpublichealth.biomedcentral.com/articles/10.1186/s12889-021-10991

Movement is medicine

Being consistently physically active in adulthood is linked to a 30–40% lower risk of death from any cause in later life, while upping levels from below those recommended for health is still associated with a 20–25% lower risk, finds a pooled data analysis of the available evidence, published online in the British Journal of Sports Medicine. It’s never too late: Just moving more could add years to your lifehttps://www.sciencedaily.com/releases/2025/07/250711224321.htm

Whiskey

University of California neurologist Claudia Kawas and her team have been studying the lifestyle habits of people who live until their 90s. The group has been researching people of this age group for some 15 years – and they have found that those who drank two units of alcohol every day were less likely to die prematurely.“I have no explanation for it, but I do firmly believe that modest drinking improves longevity,” Kawas said. – Whiskey makes you live a longer, healthier lifehttps://www.irishcentral.com/culture/food-drink/whiskey-live-longer-healthier

Loneliness

Now, however, new research is calling into question this long-held belief and, surprisingly, found that loneliness may not be quite the threat that we all once thought it was. In fact, the problem may be one of confusing cause and effect. The Surprising Truth About Loneliness and Longevityhttps://www.kiplinger.com/retirement/the-surprising-truth-about-loneliness-and-longevity

Loneliness is pervasive in home care settings across the 3 countries; however, its association with mortality differs from reports for the general population. Loneliness was not associated with an increased risk of death after adjusting for health-related covariates. The causal order between changes in health, loneliness, and mortality is unclear. For example, loneliness may be a consequence of those health changes rather than their cause. Cross-National Evidence on Risk of Death Associated with Loneliness: A Survival Analysis of 1-Year All-Cause Mortality among Older Adult Home Care Recipients in Canada, Finland, and Aotearoa | New Zealandhttps://www.sciencedirect.com/science/article/pii/S152586102500204X

(Not) Random Thoughts on Retirement and THE SCARY CHART of the Year So Far

How Bad Could This Get? https://awealthofcommonsense.com/2025/04/how-bad-could-this-get/. I’ve lived through several stock market crashes. And to think I started the day reading up on the latest U of Michigan healthy aging poll.

National Poll on Healthy Aging home

Working adults age 50 and older commonly reported these reasons for working as being very important:

  • Have financial stability (78%)
  • Save for retirement (65%)
  • Get access to health insurance (59%)
  • Support family members financially (52%)
  • Maximize Social Security benefits (46%)

Link: https://www.healthyagingpoll.org/

How about adding these bullet points to the list:

  • Working past age 50 enables you to weather stock market volatility better
  • Working past age 60 enables you to have financial stability when the stock portion of your retirement portfolio loses value
  • Working past age 70 enables you to say I’m glad to be still working when the stock portion of my retirement portfolio loses value.

Disclaimer: the additional bullet points are fictional and not related to the real poll questions or answers.

Monday should be a very interesting day in the stock market. Stocks appear to be headed towards a fire sale. Time to buy!

Men Are Bad at Retirement

When envisioning retirement, many men imagine traveling, playing with grandchildren and driving that sexy convertible they can finally afford. The reality? For those over 70, 94% of adults watch television every day, with nearly 10% spending more than nine hours a day staring at the shows.

Men die earlier, with an average life expectancy of 73.5 years, according to a 2021 study. That’s about five years earlier than women in the U.S. One study found that men who considered themselves “traditional” men — unemotional and self-reliant — were more likely to ignore medical problems, and suffered worse health outcomes than women. And the problem gets worse as they get older. About 74% of men 55 and older go to the doctor for an annual check-up, compared to 43% of men age 35-54 and 26% of men age 18-34. Why So Many Men are Bad at Retirement https://getpocket.com/explore/item/why-so-many-men-are-bad-at-retirement?

This is an interesting article. Just more reasons why I’m not retired.

Retire. Watch TV all day long. Repeat.

Yikes.

There Are Health Related Benefits to Working Past Age 65

“Our perceptions of working after age 65 have changed over time, and these data suggest that most older adults who are still able to work after the traditional retirement age derive health-related benefits from doing so,” said poll director Jeffrey Kullgren, M.D., M.P.H., M.S., a primary care physician at the VA Ann Arbor Healthcare System and associate professor of internal medicine at U-M. “As we learn more about how loneliness, lack of social connection and isolation intertwine with physical and mental health in older adults, the role of work is important to consider.”Michigan Medicine – University of Michigan. “As more Americans work later in life, poll shows positive health impacts, especially for those over 65.” ScienceDaily. http://www.sciencedaily.com/releases/2025/02/250211141049.htm (accessed February 12, 2025)

National Poll on Healthy Aging Team. The Intersection of Work, Health, and Well-Being. University of Michigan National Poll on Healthy Aging. January/February 2025. Available at https://dx.doi.org/10.7302/25186

Would You Pay $850.00 a Month to Live in One of These?

The image above shows a proposed apartment in Denver, which would cost about $850 – less than half the current median rent in the city of $1,771. Are ‘micro-apartments’ converted from offices the answer to the housing crisis? https://www.usatoday.com/story/money/personalfinance/real-estate/2024/10/22/empty-offices-become-tiny-apartments-housing-crisis/75784459007/

I actually visited some micros in Providence RI.

One of the nation’s most beautiful historic shopping arcades was restored as 48 affordable micro-lofts, rents starting at $550 per month, and 17 small retail spaces in Providence, Rhode Island. The Micro Lofts at the Arcade Providence, completed in 2012, helps keep young professionals and artists downtown and is a major step in revitalizing the city. Micro Lofts at the Arcade Providencehttps://www.cnu.org/what-we-do/build-great-places/micro-lofts-arcade-providence

If I were a lot younger, single, had a job in a CBD and not set in my Old Man Ways I would consider micro-living. I might even try a repurposed recycled wind turbine.

wind turbine tiny house

all images courtesy of Vattenfall and Business in Wind

During Dutch Design Week 2024, Superuse and Vattenfall showcase the discarded wind turbine part they’ve transformed into a furnished tiny house powered by solar panels. The design studio and energy company convert a nacelle, which is the top part of a wind turbine or the container of the engine, into a compact and movable furnished home, and visitors to the Dutch event can see it firsthand between October 19th and 27th, 2024, in Eindhoven. discarded wind turbine vessel turns into solar-powered tiny house by superuse and vattenfall — https://www.designboom.com/technology/superuse-vattenfall-discarded-wind-turbine-solar-powered-tiny-house-dutch-design-week-2024-10-24-2024/

I keep telling The Boss all I’m trying to do is to make our retirement income last as long as we last.

Rejected. Again.

What We Do Is What We Are

“We are what we repeatedly do. Excellence, therefore, is not an act, but a habit.” Aristotle

Originally published at The Conversation https://theconversation.com/retirement-doesnt-just-raise-financial-concerns-it-can-also-mean-feeling-unmoored-and-irrelevant-233963 and republished here under a Creative Commons license.

Retirement doesn’t just raise financial concerns – it can also mean feeling unmoored and irrelevant

Published: August 29, 2024 8:49am EDT

Author

  1. Marianne Janack John Stewart Kennedy Professor of Philosophy, Hamilton College

Disclosure statement

Marianne Janack does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

Most discussions of retirement focus on the financial aspects of leaving the workforce: “How to save enough for retirement” or “How do you know if you have enough money for retirement?”

But this might not be the biggest problem that potential retirees face. The deeper issues of meaning, relevance and identity that retirement can bring to the fore are more significant to some workers.

Work has become central to the modern American identity, as journalist Derek Thompson bemoans in The Atlantic. And some theorists have argued that work shapes what we are. For most people, as business ethicist Al Gini argues, one’s work – which is usually also one’s job – means more than a paycheck. Work can structure our friendships, our understandings of ourselves and others, our ideas about free time, our forms of entertainment – indeed our lives.

I teach a philosophy course about the self, and I find that most of my students think of the problems of identity without thinking about how a job will make them into a particular kind of person. They think mostly about the prestige and pay that come with certain jobs, or about where jobs are located. But when we get to existentialist philosophers such as Jean-Paul Sartre and Simone de Beauvoir, I often urge them to think about what it means to say, as the existentialists do, that “you are what you do.”

Don’t let yourself be misled. Understand issues with help from experts

How you spend 40 years of your life, I tell them, for at least 40 hours each week – the time many people spend at their jobs – is not just a financial decision. And I have come to see that retirement isn’t just a financial decision, either, as I consider that next phase of my life.

Usefulness, tools and freedom

For Greek and Roman philosophers, leisure was more noble than work. The life of the craftsperson, artisan – or even that of the university professor or the lawyer – was to be avoided if wealth made that possible.

The good life was a life not driven by the necessity of producing goods or making money. Work, Aristotle thought, was an obstacle to the achievement of the particular forms of excellence characteristic of human life, like thought, contemplation and study – activities that express the particular character of human beings and are done for their own sake.

And so, one might surmise, retirement would be something that would allow people the kind of leisure that is essential to human excellence. But contemporary retirement does not seem to encourage leisure devoted to developing human excellence, partly because it follows a long period of making oneself into an object – something that is not free.

German philosopher Immanuel Kant distinguished between the value of objects and of subjects by the idea of “use.” Objects are not free: They are meant to be used, like tools – their value is tied to their usefulness. But rational beings like humans, who are subjects, are more than their use value – they are valuable in their own right, unlike tools.

And yet, much of contemporary work culture encourages workers to think of themselves and their value in terms of their use value, a change that would have made both Kant and the ancient Greek and Roman philosophers wonder why people didn’t retire as soon as they could.

A couple sit at their kitchen table with a laptop open and their bills spread out in front of them.
Retiring could also mean giving up an identity. FatCamera/ E+ via Getty images

‘What we do is what we are’

But as one of my colleagues said when I asked him about retirement: “If I’m not a college professor, then what am I?” Another friend, who retired at 59, told me that she does not like to describe herself as retired, even though she is. “Retired implies useless,” she said.

So retiring is not just giving up a way of making money; it is a deeply existential issue, one that challenges one’s idea of oneself, one’s place in the world, and one’s usefulness.

One might want to say, with Kant and the ancients, that those of us who have tangled up our identities with our jobs have made ourselves into tools, and we should throw off our shackles by retiring as soon as possible. And perhaps from the outside perspective, that’s true.

But from the participant perspective, it’s harder to resist the ways in which what we have done has made us what we are. Rather than worry about our finances, we should worry, as we think about retirement, more about what the good life for creatures like us – those who are now free from our jobs – should be.

At the age of fifty I began the process of becoming what I wanted to be. I had known for a long time that I was a teacher and that the vehicle for my teaching would be in my writing. I also came to the conclusion I would never be compensated well enough through writing to support myself and my family. So I got good at something else.

That something else has and continues to provide a good living.

What I do is who I am and who I am is what I do. No existential crisis here.