Work and Live OR Retire and Die

Some 11 percent of 18- to 29-year-olds polled expect to retire before age 55. Unless as a group they manage to stash away a lot more money during their working years than any other group, this isn’t going to happen. If anything, as longevity rises, retirement ages will head even higher. These people are in for a surprise.

Work and Live, Retire and Die - Bloomberg View: "Retirement age may be increasing because many baby boomers are reluctant to retire. This may be purely anecdotal, but too many people have seen retirees settle into their new life on a golf-course community, and then promptly drop dead. Work and live, retire and die seems to be the message for some. A few statistical oddities: Like all polls, people say they expect to do one thing, but typically end up doing something else. Gallup notes that since they began tracking the issue of when people plan on retiring, expectations are “consistently higher than the average age at which they actually retire.”"

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