Retirement. It’s called “the golden years.” A time when you supposedly have the time to make all your dreams come true. But an increasing number of Americans are sticking with 9-to-5 after age 65.
Economists say for many it’s not a choice — It’s financial necessity. Health benefits are dwindling, the social security safety net is unraveling. Bah, humbug! say some 80-somethings still in the workplace. Why quit what we love? Are Americans being forced to forego Bingo and golf to survive in a world of revamped pension plans? The aging are torn between lofty dreams and the reality of finance.
The government tells us: “A secure, comfortable retirement is every worker’s dream”…but it adds, “The longer you work, the higher your benefit will be.” The battle lines over retirement, and the generation that won’t leave the payroll, here.
(Hosted by Christopher Lydon)
Guests:
Joseph Quinn, professor of economics and Dean of the College of Arts and Sciences, Boston College
Marc Freedman, founder of Civic Ventures and author of “Prime Time.” Dan Schorr, national public radio.