 Two-thirds of Canadians want to work after retirementlifestyle | 207254 hits | Jan 04 6:00 pm | Posted by: wildrosegirl  A firm majority of Canadians plans to work after the onset of formal retirement, mostly for economic or social reasons.Commentsview comments in forum Page 1 2 You need to be a member of CKA and be logged into the site, to comment on news. |
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welcome to the future.
Still, I wish more of the boomers would stop working, and open up some slots for the young.
They need it more.
Fixed it.
My self on the other hand have 15 years left and can't fucking wait. Going to retire Proenneke style but not as hard core. So I wont need that much to live out my golden years.
I choose to work to live and not live to work.
Still, I wish more of the boomers would stop working, and open up some slots for the young.
They need it more.
Well donating your entire job to a social cause is rather drastic. It's a very blunt instrument. The question is general as well, should people with money be working.
Two-thirds of Canadians want to work after retirement
Want??? ....or need??
Fixed it.
Between the economic collapse and people like Bernie Madoff, a shitload of boomers are gonna have to work till they drop just to keep food on the table and a roof over their heads.
I was fortunate though, when I was making $54 every two weeks in the Navy, I had friends working in the oil patch who were making alot more money than that and laughing at me for my poor
So like they say, he who laughs last laughs loudest and while they'll likely have to work till at least 65 I've been pretty much retired since I was 52 only working at jobs that interested me and definately not for the money.
It also doesn't hurt that I don't belong to that entitled generation, who, along with bitching about boomers still working, think that CPP and OAP was created for their specific benefit and having the big house, SUV, RV, boat and yearly holiday are their entitlement.
I have an modest house, a 10 year old car and 23 year old truck, no boat, no SUV and no trips every 6 months to someplace warm so I can relieve my "stress".
If more people learned to live within their means we likely wouldn't be having this conversation.
If more people learned to live within their means we likely wouldn't be having this conversation.
Amen.
(I'll still be working til I'm 80 though...
Fuck that noise. I'm ready to retire right now. I'm at the point where I want to get groceries delivered, give up my driving license, and never leave the house again.
I hear ya, I've already started practicing hiking my pants up to my chest, and started trying on sweater vests.
http://www.investors.com/NewsAndAnalysi ... nsions.htm
In Hungary, Poland, Bulgaria, Ireland and France, big government, a demographic death spiral and weak tax revenues have left fiscal coffers in trouble. Unwilling to stand up to voters � or rioters � most governments have little taste for doing the right thing: cutting their budgets.
So, they're going after pensions to make up for shortfalls. Public and private pensions co-exist in European countries. In some cases, public ones resemble our own Social Security, stressing budgets.
But instead of privatizing pensions, as Chile did in 1980 � which would have turned these obligations into assets � three former stars of European emerging markets have come up with heavy-handed incentives to turn private savings public. It's a step backward.
In November, Hungary's parliament ordered its nationals to fork over $14 billion in private pensions to the state, effectively nullifying the country's 1997 pension reform. Anyone who balks loses his right to a public pension, but not his obligation to pay into it anyway.
Bulgaria's parliament named its price first � $300 million � and told workers to pay that from private savings or else. The Christian Science Monitor notes that had trade unions not protested it, the amount would have been five times larger. But they still lost.
Poland's parliament, in a move strongly opposed by the NSZZ Solidarnosc union, cut contributions to private accounts by a third, diverting that money to the public system at a cost of $2.3 billion a year.
France and Ireland were less heavy-handed, but also aimed to avoid austerity. Both siphoned public savings set aside for future years of pension payouts to the spending spigot. In Ireland's case, they spent money citizens contributed for retirements to bail out banks, while in France's case, to pay for underfunded current pensions.