Today is notable for couple of things……first it is International Coffee Day and I celebrate it fully. Second today is Pres. Jimmy Carter’s birthday, 95…still works building homes for the poor, teaches Sunday school every Sunday….happy day and hope for many more.
Now we move onto more stuff…….
We all look forward to retirement…..a time when we can stop and enjoy the things around us….but for some that may not be possible.
Many Millennials do not think that they will live long enough to actually retire……
Unfortunately, most millennials think they’ll be working until they die. On Twitter, the hashtag “#MillennialRetirementPlans” recently started trending, prompting a flurry of 20- and 30-somethings to proclaim their outlook on retirement. Needless to say, the results were depressing.
“Why is this on trending? We all know we’ll never be able to retire,” one person tweeted.
“Most of us will die early from the lack of a universal health care system,” another tweet stated. “The rest of us will never be able to retire from working our multiple jobs to pay off our massive student debt in an economy where wages have not kept up with inflation.”
Very few tweets show millennials with concrete retirement plans, like contributing to an employer sponsored plan like a 401(k), or an individual retirement account (IRA).
They may have a point.
Every time they ‘reform’ the Social Security system they raise the retirement age…..it was 62 now I believe it is 65 and there is talk about raising it to 70 ,,,,they say because we are all living longer….which I think is total crap.
If Millennials do not look froward to the ease of retirement then what do they have to look forward?
“Lego Ergo Scribo”