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The end of retirement

thewalrus.ca

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Re: The end of retirement

#61

Post by abledon »

apwell23 wrote: post #24

> “This is where our destitute end up, in these government-run facilities.” According to a 2019 report by the National Institute on Ageing at Toronto Metropolitan University, long-term care costs are expected to triple from $22 billion to $71 billion by 2050. “It will be the equivalent of the modern-day Victorian poor house for our old,” I would love to hear why old ppl don't choose to voluntarily end their life. Wha…

>> I would love to hear why old ppl don't choose to voluntarily end their life. What good is a life spent in 'poor house for the old' .

The old age is considered prime meditation time in the shaolin monasteries. Even if you live in poor conditions, exploring the realms of your subconcious in meditation is seen as an end goal. See Jhana stages to achieve in meditation.

Re: The end of retirement

#63

Post by voisin »

throw0101a wrote: post #20

Trying to do everything at once may not be practical. (Now-retired) Actuary Fred Vettese released a book a for those in the 20-40 age range on balancing major life expenses during that time period (mortgage/rent, kids/daycare, retirement), and he concluded that is was 'fine' if one didn't get a chance to really save for retirement during that time period: > In a nutshell, the 30 idea is a rule of thumb financial plan…

If you’re Canadian, and buying a house in the last 5 years, I think keeping those expenses to 30% of gross income is a dream out of reach for the vast majority of people. In larger markets where incomes are higher, mortgages alone are well over 30%.

Re: The end of retirement

#64

Post by lolinder »

nytesky wrote: post #21

Most people shouldn’t worry about how to work till retirement. Life expectancy trends have reversed and I suspect will worsen with more climate and zoonotic disease crossover, antibiotic resistance; though maybe mRNA cancer vax will balance that out. https://www.npr.org/sections/health-shots/2022/12/22/1144864... But the author is Canadian, working for the CBC, which I don’t think suffers from the ageism in most of c…

> But the author is Canadian, working for the CBC, which I don’t think suffers from the ageism in most of corporate America

About half the article is about ageism in Canada as an enormous barrier to working past 64. If anything what the author describes sounds worse than anything I've heard in the US (but maybe that's because I'm too young to see it yet).

Re: The end of retirement

#65

Post by bee_rider »

thfuran wrote: post #52
bee_rider wrote: post #26

Earlier quoted context omitted.

If a country has a plan to become smaller, I guess I can see why they’d need to stretch out their current workforce for a long as possible. The US, which is where I live, I think plans on growing until we find a hard barrier that we can’t power through.

The US currently only maintains positive population growth due to immigration, and one of the two major political parties opposes immigration.

The basic nature of the US is to always say: more, bigger. I think betting against that instinct is a bad move.

Re: The end of retirement

#66

Post by lolinder »

pc86 wrote: post #56
antisthenes wrote: post #23

Earlier quoted context omitted.

The difference being that reduced mortality at age 60 adds mostly unproductive years, while reduced mortality at age 0-1 adds mostly productive years.

"Productive" in the most cynical and heartless definition of the word, perhaps. Plenty of 70- and 80-somethings live active, rewarding lives. "You've stopped contributing to the economy, it's time for you to die now" is a disgusting attitude that we should not tolerate as a society.

Also, as the article rather eloquently points out, elderly retired people continue to the economy in many ways, just not by drawing a salary. They spend plenty of money, provide free child care for people who are still working, volunteer, work part time...

Re: The end of retirement

#67

Post by apwell23 »

abledon wrote: post #61
apwell23 wrote: post #24

> “This is where our destitute end up, in these government-run facilities.” According to a 2019 report by the National Institute on Ageing at Toronto Metropolitan University, long-term care costs are expected to triple from $22 billion to $71 billion by 2050. “It will be the equivalent of the modern-day Victorian poor house for our old,” I would love to hear why old ppl don't choose to voluntarily end their life. Wha…

>> I would love to hear why old ppl don't choose to voluntarily end their life. What good is a life spent in 'poor house for the old' . The old age is considered prime meditation time in the shaolin monasteries. Even if you live in poor conditions, exploring the realms of your subconcious in meditation is seen as an end goal. See Jhana stages to achieve in meditation.

We should as a society encourage and normalize assisted suicide in old age when they aren't happy anymore. Why suffer everyday with no chance of it ever getting better just do some mediation nonsense.

Re: The end of retirement

#69

Post by lolinder »

ghaff wrote: post #58
siliconc0w wrote: post #13

Companies need to figure out how to keep the retiring around, a few days a week part time. There is a wealth of experience that gets lost . Companies are all in on AI but they're happy to let their pretrainined business domain finetuned trillion parameter models walk out the door.

Ageism is a thing. But most people want to wind down at some point. And that business domain knowledge probably leaks away over time. Certainly part-time work can be a thing. But to the degree it requires working together with other people it can be hard to manage, especially for a semi-retired person that wants to go on multi-week vacations.

> Ageism is a thing. But ... that business domain knowledge probably leaks away over time.

This is ageism. A 66 year old hasn't lost their business knowledge yet, but they're often treated as though they're already senile.

Re: The end of retirement

#70

Post by Nextgrid »

ur-whale wrote: post #50

> Want to keep your house? Support your kids? Stay alive? Move to a sane country.

Is there a list of such countries, primarily English-speaking?

(serious question, as someone who left from one after it turned into an overpriced third-world dump and is now looking for a place to settle down)

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