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When Will They Ever Be Able To Retire? (Read 270 times)
whiteknight
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When Will They Ever Be Able To Retire?
May 28th, 2025 at 9:40am
 
Prepared for the reality’: Young Aussies expect to work until their 70s   Sad
Millennial and Gen Zers say they will be working for their entire lives with the cost of living putting the goal of retirement behind them.


News.com.au
May 28, 2025

The Boomers are the last generation of Australians who feel semi-confident about being able to retire, with younger people saying they will work until they drop.   Sad

New data released by People2People shows only 7 per cent of Gen Z and 8 per cent of Millennials believe they will one day be able to retire.

The outlook is so grim that three in five older Aussies even think young Australians will never be able to stop working, something that the majority of younger Australians agree with.   Sad

People2People head of HR solutions Suhini Wijayasinghe says the data should be a wake-up call for Australians.

Aussies workers now believe they will need to work until their late 70s.

“Younger generations aren’t just adjusting expectations, they’re preparing for the reality of working longer,” she said.

Younger Australians are not just expecting to work for longer, they also believe they will be able to work into their 70s.

More than half of the younger Australians asked said they can work until at least 70 while 38 per cent say they can work into their late 70s.

People2People survey data follows the ABS latest seasonable unemployment data which shows the unemployment rate remained at 4.1 per cent despite 89,000 new Aussies finding a job in April.

The addition of 6000 unemployed people meant the labour force grew by 95,000 people and the participation rate rose by 0.3 percentage points to 67.1 per cent.


The participation rate for 35-44 year olds had the largest annual growth, up 1.9 percentage points to 88.3 per cent.

Australian workers are looking to stay employed for longer. 
Despite the growing expectation of having to work for longer, around a third of Australians across all generations are still hoping to be able to exit the workforce by the age of 65.

But keeping a job for these young Australians could prove problematic.

According to the survey data nine in 10 Australians believe employers rarely or never higher people near or past retirement with a third saying Australians over 65 have virtually no chance of getting a job.

“We have an ageing population and a declining birthrate,” Ms Wijayasinghe said.

“Inaction on age inclusion isn’t just unfair, it’s economically unsustainable. Creating age-inclusive workplaces is no longer optional. It’s a strategic imperative.

“As the workforce evolves, so must employer mindsets.

“Ending ageism isn’t just about ticking boxes, it’s about fostering inclusive cultures where employees of all ages can thrive, contribute, and feel genuinely valued.”
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whiteknight
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Re: When Will They Ever Be Able To Retire?
Reply #1 - May 28th, 2025 at 9:48am
 
Lee   Sad

Unfortunately, that's the way it is now. Like most people, I'll be working until at least 75. My father-in-law, however, living in Brisbane as a teacher on a single income, paid off his house in his late 30s and retired at 50. He's now in the position where he's been retired for the same amount of time as he worked. Boomers really did spend everyone's inheritance.


Captain   Sad

Some (many?) of those Aussies will be on unemployment benefits from 50yo onwards until the age pension.
Employers generally have a preference for younger workers.



John   Sad

Thats correct, once you hit 50 years plus, you are considered too old to be hired despite years of experience, age discrimination is rife with Australian employers, this mindset has to change if Australia is to become a better country.


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whiteknight
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Re: When Will They Ever Be Able To Retire?
Reply #2 - May 28th, 2025 at 9:51am
 
Expecting people to work until they are 70 years old, is a ridiculous idea.  Let them have their retirement, and open more doors for young people.   Sad 
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Ai_Took_Our_Jobs
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Re: When Will They Ever Be Able To Retire?
Reply #3 - May 28th, 2025 at 9:57am
 
Retirement will be sooner than most people are counting on.

AI, bigger than the industrial revolution, and predicted to cause 100 years of changes in the next few years. Even capitalism looks like a dead economic model walking.

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aquascoot
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Re: When Will They Ever Be Able To Retire?
Reply #4 - May 28th, 2025 at 11:05am
 
Why retire?

So you have more time to take ?
To feel pleasure and not contribute?

Mother nature has no love for retirees.

Ever seen a big tree retire or an old lion retire?

Mother nature just recycles you  once you retire.
And rightly so.


If you are old and sharp like confuscuis or lao tzu she might let you hang around.

But if you are sloppy and useless and spend you days between bed pans, taking you insulin and going to the doctor or the pokies then nature is going to get rid of you.

When you fight Mother nature which the whole West does, you lose but only every time.

Anti. Everything

Anti biotics, anti depressants, anti parasitic, anti hypertensive, anti inflammatory, anti aging, anti histamines.

You are divorced from reality white knight


Here on this planet,  contribute or piss off to another planet that likes takers and leaders  Embarrassed Embarrassed
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Sophia
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Re: When Will They Ever Be Able To Retire?
Reply #5 - May 28th, 2025 at 11:49am
 
Both hubby and I are not fully retired, and in our early 70s
Hubby likes the 2 days a week he works, with a great team.
One thing noted, we’ve not been able to save any money for years!
The cost of living has exceeded earnings capacity.
So if we must, we will keep on as is, and keeping active is important to wellbeing.
We hope to feel young into older age.
As a result of us boomers working so hard and being frugal we have been able to help our millennial children with housing/real estate. They needed the help, and lucky for them we were clever to take steps/risks with real estate investing.
But hey, this meme recently popped up and we had a laugh.
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Sir Grappler Truth Teller OAM
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Re: When Will They Ever Be Able To Retire?
Reply #6 - May 28th, 2025 at 11:55am
 
The way things are going - this country will end up third World, and many in the newer generations will not be able to retire - the old ladies will sweep the streets as in Russia or walk miles to gather firewood sticks daily, the old men will work the head man's rice paddies or similar for a few drachmae ...

We REAL people need to take back this country - starting with our fatally flawed electoral system, which permits a party with a lower vote than the Nazis in 1932 to romp in with a vast majority of seats.

Anyone who can't see the clear dangers of that is a total fool.  65.5% of Australian voters said NO to New Labor.

Note:-  Albo's semi-hidden Judeophobia/Islamophilia is showing right now - some of the kids at school who WOG-named him and stole his lunch money must have had Jewish names... or maybe he buys into that old dinosaur that the world is run by some Jewish international money conspiracy or something... and as a Heroic Warrior and Defender Of The Left he is forced to bring them down to ruin to save HIS real world ...... The Madness.... the Madness ..... I'm positive a psychiatrist would make a fortune out of him ...
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« Last Edit: May 28th, 2025 at 12:06pm by Sir Grappler Truth Teller OAM »  

“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.”
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Sir Grappler Truth Teller OAM
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Re: When Will They Ever Be Able To Retire?
Reply #7 - May 28th, 2025 at 11:58am
 
Ai_Took_Our_Jobs wrote on May 28th, 2025 at 9:57am:
Retirement will be sooner than most people are counting on.

AI, bigger than the industrial revolution, and predicted to cause 100 years of changes in the next few years. Even capitalism looks like a dead economic model walking.



.... Blade Runner - it wasn't called murder ...... let alone termination ... it was called 'retirement'... when you treat people - Humanity - as just pieces of walking meat = robots ..... without real rights and needs, and worthy of Off-Planet Tent Cities ONLY as living space... you make it nothing to dispose of them in some way and take their assets ... consider that we, as a culture, have more subtle ways of ..... 'retiring' people...... we simply send them to the economic and social gulags - e.g. by hating on them as 'Boomers' and similar... de-humanising them until they are flesh and blood Robots... or we create 'Quotas ..... and enforce numbers greater than Equity requires and so on and so on, to suit some minor-represented group .. most women do not support New Labor, for example...  65.5% cannot lie...


Early in the 21st century, the Tyrell corporation advanced Robot evolution into the Nexus phase - a being virtually identical to a human - known as a Replicant.
===
The Nexus 6 replicants were superior in strength and agility, and at least equal in intelligence, to the genetic engineers who created them.
---
Replicants were used off-world as slave labor, in the hazardous exploration and colonization of other planets.
---
After a bloody mutiny by a Nexus 6 combat team in an off-world colony, replicants were declared illegal on earth - under penalty of death.
---
Special police squads - Blade Runner Units - had orders to shoot to kill, upon detection, any trespassing replicant.
---
This was not called execution. It was called retirement.

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« Last Edit: May 28th, 2025 at 12:10pm by Sir Grappler Truth Teller OAM »  

“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.”
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whiteknight
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Re: When Will They Ever Be Able To Retire?
Reply #8 - May 29th, 2025 at 7:51am
 
Help, we want our government funded pension.   Sad
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aquascoot
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Re: When Will They Ever Be Able To Retire?
Reply #9 - May 29th, 2025 at 4:47pm
 
whiteknight wrote on May 29th, 2025 at 7:51am:
Help, we want our government funded pension.   Sad




Incorrect


You want your fellow citizens to pay for your existence.


This does not happen in nature.

Free loaders are abandoned if they do not contribute.

You could contribute by looking after grandchildren or providing wisdom to other generations.

But your words are not wise.

They are pure selfish Me me me taking

As such you are doomed
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Bobby.
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Re: When Will They Ever Be Able To Retire?
Reply #10 - May 29th, 2025 at 5:32pm
 
It's so good to be retired.
After 2 hours per day for 3 days -
I am nearly finished cleaning all the tiles in my kitchen with
sugar soap and metho and then White King and replacing the
Silicone between the tiles and the benchtop.
It's starting to look like a million bucks.

You don't have the time when you're working for such jobs.
Who wants to work until they die at their desk? - not me.
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Gnads
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Re: When Will They Ever Be Able To Retire?
Reply #11 - May 29th, 2025 at 6:01pm
 
whiteknight wrote on May 28th, 2025 at 9:51am:
Expecting people to work until they are 70 years old, is a ridiculous idea.  Let them have their retirement, and open more doors for young people.   Sad 


Yes it is.

But ask yourself which party put the retirement age up to 67 and then backdated that to 1953 where an extra 6 months to your eligibility was added for every year up to 1957 wherein it became 67 yrs.

I was born 1956 & had to wait until I was 66 & 1/2. My wife born 1957 had to wait 2 years until she was 67.

Thank the Labor Party for that little gem. 

They'll have 70 on their agenda now.
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Re: When Will They Ever Be Able To Retire?
Reply #12 - May 29th, 2025 at 6:05pm
 
Bobby. wrote on May 29th, 2025 at 5:32pm:
It's so good to be retired.
After 2 hours per day for 3 days -
I am nearly finished cleaning all the tiles in my kitchen with
sugar soap and metho and then White King and replacing the
Silicone between the tiles and the benchtop.
It's starting to look like a million bucks.

You don't have the time when you're working for such jobs.
Who wants to work until they die at their desk? - not me.

Aristotle
No one tries to live well for the sake of some further goal; rather, living well is the highest end, and all subordinate goals—health, wealth, and other such resources—are sought because they promote well-being, not because they are what well-being consists in. But unless we can determine which good or goods happiness consists in, it is of little use to acknowledge that it is the highest end. To resolve this issue, Aristotle asks what the ergon (“function”, “task”, “work”) of a human being is, and argues that it consists in activity of the rational part of the soul in accordance with virtue.


Aristotle discusses three different lifestyles all traditionally thought to be happy: the life of pleasure, the political life, and the virtuous life. He rejects the identification of happiness with the life of pleasure because such a life is ‘slavish’ and ‘suitable [only] for cattle’. Neither can happiness be equated with honour – usually considered the goal of political life – because that depends more on those who honour than on the one honoured. Nor can happiness simply be equated with the possession of virtue, since someone who was asleep could possess virtue but not exercise it, or they could suffer terrible misfortunes despite their virtue, and no one would call such a person happy. Aristotle therefore concludes that those traditional conceptions of the good life are each lacking in certain respects.


Aristotle concludes that the contemplative life is superior to the political life and satisfies the requirements for happiness to the highest degree.
https://philosophynow.org/issues/151/Aristotles_Guide_To_Living_Well
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Gnads
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Re: When Will They Ever Be Able To Retire?
Reply #13 - May 29th, 2025 at 6:06pm
 
aquascoot wrote on May 28th, 2025 at 11:05am:
Why retire?

So you have more time to take ?
To feel pleasure and not contribute?

Mother nature has no love for retirees.

Ever seen a big tree retire or an old lion retire?

Mother nature just recycles you  once you retire.
And rightly so.


If you are old and sharp like confuscuis or lao tzu she might let you hang around.

But if you are sloppy and useless and spend you days between bed pans, taking you insulin and going to the doctor or the pokies then nature is going to get rid of you.

When you fight Mother nature which the whole West does, you lose but only every time.

Anti. Everything

Anti biotics, anti depressants, anti parasitic, anti hypertensive, anti inflammatory, anti aging, anti histamines.

You are divorced from reality white knight


Here on this planet,  contribute or piss off to another planet that likes takers and leaders  Embarrassed Embarrassed


You don't know what's in store for you health wise.

Monday I saw a young fit 48 yr old who ran his own successful concreting business put in the ground.

Died of a heart attack.

600 people came to pay respect.

He wasn't a leaner or taker yet he's gone. Roll Eyes
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"When you are dead, you do not know you are dead. It's only painful and difficult for others. The same applies when you are stupid." ~ Ricky Gervais
 
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Frank
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Re: When Will They Ever Be Able To Retire?
Reply #14 - May 29th, 2025 at 6:28pm
 
Gnads wrote on May 29th, 2025 at 6:06pm:
aquascoot wrote on May 28th, 2025 at 11:05am:
Why retire?

So you have more time to take ?
To feel pleasure and not contribute?

Mother nature has no love for retirees.

Ever seen a big tree retire or an old lion retire?

Mother nature just recycles you  once you retire.
And rightly so.


If you are old and sharp like confuscuis or lao tzu she might let you hang around.

But if you are sloppy and useless and spend you days between bed pans, taking you insulin and going to the doctor or the pokies then nature is going to get rid of you.

When you fight Mother nature which the whole West does, you lose but only every time.

Anti. Everything

Anti biotics, anti depressants, anti parasitic, anti hypertensive, anti inflammatory, anti aging, anti histamines.

You are divorced from reality white knight


Here on this planet,  contribute or piss off to another planet that likes takers and leaders  Embarrassed Embarrassed


You don't know what's in store for you health wise.

Monday I saw a young fit 48 yr old who ran his own successful concreting business put in the ground.

Died of a heart attack.

600 people came to pay respect.

He wasn't a leaner or taker yet he's gone. Roll Eyes

Mozart died at age 35. Beethoven, 57. Schubert, 32.

We each live our own lives and die our own deaths - except nowadays our lives and deaths are so institutionalised that often we can't die our own deaths.




God, give us each our own death,
the dying that proceeds
from each of our lives:

the way we loved,
the meanings we made,
our need.

Rilke
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