From the NYT…
“We are witnessing the birth of a new class — the involuntarily retired. Many of those over age 50 believe they will not work again at a full-time ‘real’ job commensurate with their education and training. More than one-quarter say they expect to retire earlier than they want, which has long-term consequences for themselves and society. Many will file for Social Security as soon as they are eligible, despite the fact that they would receive greater benefits if they were able to delay retiring for a few years.”
This is a direct corrollary to the cultural dynamic that uses mass institutionalization to contend with people who are living with frailty and dementia.
With regard to long-term, I am hopeful for a real change in practice.
The question of where our economy is taking us generates much less optimism.
The survey found that workers in general are increasingly accepting the notion that the effects of the recession will be permanent, that they are the result of fundamental changes in the national economy.