Chris Farrell wants baby boomers to unretire
The plan used to go like this: "Graduate high school, maybe go to college,[url=http://www.lesdruides.fr]jordan pas cher[/url], get a job,[url=http://www.autohirdetesek.net]louboutin pas cher[/url], hit 60, retire, and then do all the things you've always wanted to do. Well, no. It's not like that anymore," says Chris Farrell. And good thing it isn't, he says, because in reality, most people aren't happy in a play all day till the end lifestyle. Instead, working a few years longer, or working elsewhere,[url=http://www.regenerationandrenewal.co.uk]hollister uk sale[/url], or working less but staying fully engaged with society may be the key to a happier retirement.
As the baby boomers exit the work world or don't it's time for society to change the way it defines retirement, says the longtime commentator on personal finance issues. Farrell has spent much of his career talking with people about ways to fund their retirement. He hosted TPT's "Right on the Money" program, he's written about finance and economics for numerous newspapers and magazines, and he's the senior economics contributor at American Public Media's Marketplace. So he's been exposed to plenty of what he calls "fearmongering" stories about how Social Security is going to dry up and people will have to work at terrible jobs until they die.
"So much it is overly alarmist and just stokes this clash of generations as younger workers are being warned that the 'gray tsunami' of retiring baby boomers is going to ruin everything for them," says Farrell. "I got very frustrated with that outlook,[url=http://www.gckorea.co.kr]woolrich outlet[/url], because I don't think it's true."
Instead, he suggests, baby boomers might actually fix retirement for younger generations, by redefining what retirement looks like, how it's funded, and what work could look like in our 70s, 80s and possibly beyond. He dispels myths about older workers, suggests ways in which older workers facing reduced means or job opportunities can regroup, and promotes the idea of phased retirement, in which workers gradually reduce the number of hours they spend working.
Biggest beneficiaries: young people"The biggest beneficiaries of this process will be the younger generations. By the time my 22 year old is 50 or 60, the path will be clear. But right now, we're in a period of experimentation and exploration. We're at the grassroots level of this experience. We know our aging and retirement will be different than previous generations, but we are still trying to figure out what that will look like we're still even trying to decide what to call this. In Britain, they are calling it the Third Age, I've also heard Next Chapter. There are numerous entities involved in this conversation,[url=http://www.endocrinologia-milano.it]woolrich outlet bologna[/url], including some local ones, like Shift and Encore. But you can't just Google 'retirement' and come up with an easy answer."
In "Unretirement," Farrell interviews numerous people who are retiring on their own terms. He talks with an engineer turned consultant and volunteer; a pastor turned van driver; people who have traded the corporate world for nonprofits or for businesses of their own invention. He looks at companies that have adapted workplaces to help older people be comfortable and productive. Many of these people were forced to change their work lives by layoffs, while others left their previous careers financially secure and used the next phase of their life to pursue work that had more meaning.
"20 somethings and 60 somethings are really alike. They want an income, but they are idealistic and want to make a difference," says Farrell. "The only difference between them is that the older generation thinks time is short and the younger generation thinks time is infinite."
Farrell acknowledges that while some workers plan a joyful "unretirement" full of meaningful work, mentoring, and volunteering, the widening economic gap in this country means that huge numbers of people will work into retirement because they have to, at jobs they consider their only option but may not love.
"It's not all romantic, it's not all wonderful. Bodies burn out, people run out of money, opportunities don't come through for everyone. Ageism in the workplace is real. There's a huge group warehouse workers, clerical, food service,[url=http://www.seetheflipside.co.uk]mulberry outlet sale[/url], checkout workers who never had an employer health plan, never made a lot of money, couldn't amass a lot of savings. Their pension plan is Social Security. My argument is that we shouldn't be talking about cutting the Social Security benefit, as so many people are; we should improve it," he says. "In the vanguard, we will see college educated, white collar, career oriented people helping to define aging and retirement. But that will bring about larger societal changes that will enable others to take part as well."
Phased retirementOne example he hopes will catch on is phased retirement. Starting next year,[url=http://www.boursereflex.com]abercrombie france pas cher[/url], federal government employees will be able to work half time while receiving a half pension.
"If this takes hold, it will have huge implications for the private sector, and for people wishing to remain in the work force while taking a step back," he says. "A Rand Corporation study found that within two years of retirement, 25 percent of people go back to work. And you might think they did that because they needed the money, but that wasn't it it turned out they wanted to be engaged in work and society, and they missed that at home. What they really wanted was a long vacation. A break. It wasn't that they didn't want to work. They just needed time off."
Farrell would like to see sabbaticals, gap years, and phased retirement become norms for more people entering the "next phase" of their work lives. But first, he says, we need to change the way we think about older workers. Instead of pushing them out, find new ways to keep them in. For older workers, instead of seeing younger workers as being "after my job," experienced workers can embrace and extend their mentoring capabilities. "There is a notion that once you reach a certain age,[url=http://www.slscc.com.au/fest.php?ray-ban-australia/]ray ban australia[/url], you are no longer creative, no longer relevant, and have nothing to offer. But when we see ourselves as vital, then we remain vital," he says. And simply staying in the work force helps keep people vital.
"There's a complex relation between the fact that we're living longer so we're working longer, and also because it working improves our health so we live longer. There's all kind of research that shows that the kind of things we get from work are beneficial to our health social engagement physical activity, mental acuity. They say to a new language to keep your mind sharp well, learning new software every couple of years does that too," he says, noting that an even greater benefit comes from simply working with others.
"Work is a social institution. Someone cares if you show up. Birthdays are celebrated, life events are recognized and we show concern for each other. We gossip. For many people, work is community. That is part of the lure, and attraction, of working beyond retirement. You remain part of the community."
Looking ahead, enjoying the presentWhat about Farrell? He's 60, in case you were wondering. And no, retirement isn't something he's thinking about right now.
"Of course working on a project like this got me thinking about my own life. But I'm not looking to make any changes right now. I love journalism. I love getting out there and thinking about things and testing out new ideas and talking with people. It's true, journalism is a harsher world, and in some ways, it's a younger person's game. But I'm really enjoying it,[url=http://www.seetheflipside.co.uk]mulberry outlet[/url], and doing all different forms radio, television, print and online. This topic in particular is really engaging. The next five years are going to bring about huge changes in how we deal with this in our society. I think my book will stay relevant, but I think there are going to be many conversations coming out as this generation works through the issue of retirement. I think I'll have a lot of new things to say. So,[url=http://www.construccionesces.com/image.asp?new-balance-online/]new balance online[/url], I can already feel the lure of a next book."
EventsSept. University of Minnesota Bookstore
Oct. Insights morning program, Minneapolis Central Library
Ferrel's one reason I stopped listening to MPR. but that's another story.
Rather, let's pay people high enough salaries and wages while they work so that they CAN retire. Let's stabilize and extend Social Security, and let's replace dodgy IRA's with good old fashioned pensions that people can live on. Instead of working on a plan to keep people working til they die so they can keep pumping money into the financial sector let's build an economy that lets people retire if they want to. We have the economy to do this, we have a $17 TRILLION economy, the problem isn't capital, the problem is disparity. 10% of the population isn't worrying about whether or not they can afford to retire while the number worrying about in the remaining 90% gets larger every year.
Guys like Farrel assume everyone works in an office for 40 years. Try working construction, or mining, even health care for 20 or 40 years and then keep working for another 30. And by the way, have you seen the unemployment rate and job vacancy rates? Farrel's scheme only works if there's actually a labor shortage driving employer's to hire young and old alike.
The "Car Talk guys" still make me laugh (although they'd be even better if they gave a bit more actual advice). "Sound Money" (or whatever they're calling it now) has gotten better, although I never need to hear another word out of Michelle Singeltary's mouth,.
but I'll never forgive Chris Farrell for ignoring concerns that were being expressed about the Stock Market and investment in equities right up until the crash of 2008.
He had every reason to have known better, but as what was clearly a massive equity bubble continued to inflate, Mr. Farrell just kept right on, and on, and on, telling MPR's listeners that there was nothing to fear and the Stock Market was the only investment that made sense.
As to UN retirement,[url=http://www.aspirina.cl/quee.php?zapatillas-new-balance/]zapatillas new balance[/url], there are, indeed, a few folks with the luxury of pursuing avocational employment after they retire from their former careers (I'm one of them, to some extent),.
but at a time when Wall Street is pushing companies to pursue it's dream of the perfect high profit Corporation
a small staff of outrageously highly paid executives and zero employees,[url=http://www.construccionesces.com/image.asp?new-balance-u410/]new balance u410[/url],.
and workers over 45 years old, who are just reaching their prime earning years and are likely to show some backbone when management comes up with it's latest hare brained scheme for how to increase profits by cheating workers out of just compensation, cheating suppliers out of timely payment, and cheating customers out of decent products and services, and are thus prime targets for layoffs or outright firing,.
far too many of the workers Mr. Farrell thinks might make candidates for UN retirement are still struggling to find jobs which will provide them sufficient income to keep food on the table and a roof over their heads.相关的主题文章：
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