Recently I have been reading articles describing a terrible crisis of finding workers now that the baby boomers are ageing and need to retire. Seems that the young workers are not trained for the job. Yes. These articles may be written by employers who want an abundance of cheap labor and cannot find it.
I also have been reading the articles and doing the math on retirement. Seems the majority of baby boomers cannot afford to retire even if they wanted to----AND THEY DON'T. They plan on working forever---until death do them part from employment. The reason for this desire to work forever is that the numbers just do not work out for their pension income or social security income to buy more than a tent. At the rate of medical cost increases, the monthly social security check will be going to pay just for medical expenses not covered under medicare, for supplemental insurance etc. The choice will be to eat or to get medical care. The housing appears to be optional.
In consult with some neighbor folks---they say that yes the baby boomers think they are going to work but just won't be able to. Thinking of working forever is just denial at work.
What do you think? You make the call.
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