Retire? More Americans Over 60 Are Saying Never
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Here's your money briefing for Tuesday, April 25th. I'm Dion Reboan from The Wall Street Journal, filling in for J.R. Whalen. Some Americans over 60 are saying no to retirement. And not just for right now. They say they want to keep on working until they literally can't work anymore.
I think while our idea of retirement continues to evolve, our idea of the work life also changes, especially after the pandemic when you have technology allowing folks to work well past their original plans because their setting is now flexible. I feel as though people are now feathering these two phases in their life together in a potentially much more fulfilling way, one that is very financially sustaining as well as in terms of their energy and their sense of purpose.
We'll talk to Demetria Gallegos from the Wall Street Journal Journal Reports after the break.
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Having made it through the lockdowns and health scares the past few years, a number of older Americans are saying no to retirement. And not just for right now. Some say they want to keep on working until they literally can't work anymore.
What is the episode about and who is the guest from WSJ?
And joining me is Demetria Gallegos from WSJ Journal Reports. So, Demetria, no days off has become a popular slogan for hustlers trying to make it in competitive industries like entertainment, tech and business. But you talk to some folks who are really taking that adage to a new level. Tell me about the never retire movement or hashtag never retire.
Dion, we reached out to WSJ readers with the question about whether they have chosen to work past retirement age, and if so, why? What inspires them? And what kind of choices were they looking at? And we got an overwhelming response. We had several hundred people respond to us with an intention never to retire for a wide variety of reasons. But most of those reasons are that they enjoy what they're doing. They're having the time of their life. They see retirement as a a long abyss unless they have a purpose and intent. And in many cases, these people have achieved mastery in their careers. They've achieved salary levels that they never dreamed of. And they're wondering why in the world would they walk away from that?
And you spoke with more than a dozen people for this story who are approaching retirement age or what we typically think of as the retirement age. What stuck out most about the collection of conversations that you had?
I think what stuck out most was how smart these people are at adapting their work lives to a different chapter in their own personal lives and energy levels. And the ability to work remotely, as they all do now, as many of these seniors responded, that was a big advantage. The wear and tear factor for a commuting life is no longer as big an obstacle for them.
And you did a lot of these interviews. Did you believe all of them? Did they all seem like they were really going to put off retirement as long as possible? Or were there a couple of people you talked to who were like, nah, this person is going to be out on a lake in two years tops?
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