I have a job where it takes up about 25% of my day to accomplish my work, and the other 75% of the time is spent doing whatever I like and watching my son.
I've been ten years disabled to the point that I don't have a job. My life has been more fulfilling in that decade than it ever was in my able bodied, over worked previous life.
I take care of my household, I volunteer where I'm able to, I seek out new topics to learn just out of curiosity, and I have a heap of different hobbies I bounce between. Sure, I get bored sometimes, but it's a much cleaner boredom than the kind I got at work.
No way I'm the only one who can very much enjoy an unemployed life. That article is a bunch of bullshit.
One side of corporate mouth: Old people are too expensive and they don't obey. We need to fire them so we can hire cheap, malleable, young people.
Other side of corporate mouth: Old people must work until they physically collapse and die at their station. There is therefore no room to hire additional workforce from the younger generation.
I know a guy who left retirement because he felt purposeless. The reason we likely hate work is because we have to do it.
If I knew I didn't have to worry about money, I would consider focusing on my tech career as it's something to do rather than worrying about how to keep a job. Maybe focus on charity maybe.
Definitely keep saving for retirement, last thing you need is to HAVE TO WORK for the rest of your life.
I'm with you. Aimless wandering through night and day, and consuming stuff to distract from the lack of direction in life is pleasing only to a certain point.
I'm gonna guess this is mostly a ploy for registrations, so here's the full article text.
In an episode of “The Sopranos”, a popular television series which started airing in the 1990s, a gangster tells Tony, from the titular family, that he wants to retire. “What are you, a hockey player?” Tony snaps back. Non-fictional non-criminals who are considering an end to their working lives need not worry about broken fingers or other bodily harm. But they must still contend with other potentially painful losses: of income, purpose or, most poignantly, relevance.
Some simply won’t quit. Giorgio Armani refuses to relinquish his role as chief executive of his fashion house at the age of 89. Being Italy’s second-richest man has not dampened his work ethic. Charlie Munger, Warren Buffett’s sidekick at Berkshire Hathaway, worked for the investment powerhouse until he died late last year at the age of 99. Mr Buffett himself is going strong at 93.
People like Messrs Armani, Buffett or Munger are exceptional. But in remaining professionally active into what would historically be considered dotage, they are not unique. One poll this year found that almost one in three Americans say they may never retire. The majority of the nevers said they could not afford to give up a full-time job, especially when inflation was eating into an already measly Social Security cheque. But suppose you are one of the lucky ones who can choose to step aside. Should you do it?
The arc of corporate life used to be predictable. You made your way up the career ladder, acquiring more prestige and bigger salaries at every step. Then, in your early 60s, there was a Friday-afternoon retirement party, maybe a gold watch, and that was that. The next day the world of meetings, objectives, tasks and other busyness faded. If you were moderately restless, you could play bridge or help out with the grandchildren. If you weren’t, there were crossword puzzles, TV and a blanket.
Although intellectual stimulation tends to keep depression and cognitive impairment at bay, many professionals in the technology sector retire at the earliest recommended date to make space for the younger generation, conceding it would be unrealistic to maintain their edge in the field. Still, to step down means to leave centre stage—leisure gives you all the time in the world but tends to marginalise you as you are no longer in the game.
Things have changed. Lifespans are getting longer. It is true that although the post-retirement, twilight years are stretching, they do not have to lead to boredom or to a life devoid of meaning. Once you retire after 32 years as a lawyer at the World Bank, you can begin to split your time between photography and scrounging flea markets for a collection of Americana. You don’t have to miss your job or suffer from a lack of purpose. If you are no longer head of the hospital, you can join Médecins Sans Frontières for occasional stints, teach or help out at your local clinic. Self-worth and personal growth can derive from many places, including non-profit work or mentoring others on how to set up a business.
But can anything truly replace the framework and buzz of being part of the action? You can have a packed diary devoid of deadlines, meetings and spreadsheets and flourish as a consumer of theatre matinees, art exhibitions and badminton lessons. Hobbies are all well and good for many. But for the extremely driven, they can feel pointless and even slightly embarrassing.
That is because there is depth in being useful. And excitement, even in significantly lower doses than are typical earlier in a career, can act as an anti-ageing serum. Whenever Mr Armani is told to retire and enjoy the fruits of his labour, he replies “absolutely not”. Instead he is clearly energised by being involved in the running of the business day to day, signing off on every design, document and figure.
In “Seinfeld”, another television show of the 1990s, Jerry goes to visit his parents, middle-class Americans who moved to Florida when they retired, having dinner in the afternoon. “I’m not force-feeding myself a steak at 4.30 just to save a couple of bucks!” Jerry protests. When this guest Bartleby entered the job market, she assumed that when the day came she too would be a pensioner in a pastel-coloured shirt opting for the “early-bird special”. A quarter of a century on, your 48-year-old columnist hopes to be writing for The Economist decades from now, even if she trundles to her interviews supported by a Zimmer frame; Mr Seinfeld is still going strong at 69, after all. But ask her again in 21 years.
It's so stupid to compare working as a broad umbrella of action and say anecdotally: hey business owners are getting vitality from it, why wouldn't you from your corporate job?
It's like no shit, the people who have control over what their timelines and deliverables look like find out find work rejuvenating
Just don't confuse wanting to work for having to work.
My grandmother, who had been retired for 30 years, turned her music-writing hobby into a second career after my grandfather passed by taking on artists, getting involved with concerts, etc.
I've met plenty of very old dudes in my hobbies of archery and shooting guns who are absolute masters and charge too little too profit or nothing at all for tuning, gunsmithing, and coaching.
These have nothing to do with keep a roof over your head, and everything to do with staying sane when the expectation seems to be waiting around until you die
Doing nothing for years is a good way to die younger. If you can turn a hobby into a 20hr a week "job" where you pick your hours, that can very easily keep you alive.
One of the reasons I decided to leave the US. Yes, the Economist is British but the US has the same problem. I realized chances are I will never save enough for retirement, my 401k planner even says so. So I am moving back to the country that allowed my father to retire in his 50s. 10 years ago when I started working in the US I didn’t expect this outcome, and the longer I stay here the longer it will take me to improve my conditions.
Sorry. It isn’t a country that anyone can just move to. It has many serious flaws and is not pleasant for people from different backgrounds. But it did allow my father to retire in his 50s and my uncles to retire in their 60s. But if you are willing to play along, and keep your thoughts to yourself, you do get a lot for free from education to healthcare and it is affordable to live in, and foreigners do manage to save here. Oh no income tax either.
