“Hanging up your suit and tie and going fishing at 65 doesn’t make total sense if you’re going to live for another 30 years,” columnist BrettArends writes.
The Boston money manager was born in 1926. He remembers the Great Depression. His father was wiped out in the Crash of ‘29. He uses old-fashioned language and refers to “hosses,” not horses. He still wears a bow tie to the office.
One of the inevitable results is that more of us are going to need to work for longer. And this needn’t always be a bad thing: Hanging up your suit and tie and going fishing at 65 doesn’t make total sense if you’re going to live for another 30 years. It is almost surreal at this point to be talking to a full-time office worker who can give you chapter and verse not only on what the Great Depression was like–“It was as bad as they say it was—people really starved” — but also on his memories from that era of how and why FDR screwed up his handling of it. “I thought he handled it very poorly,” Robbins says.
Since the mid-1980s, federal data show that the percentage of the over-65s still working has nearly doubled, from a low of 10% to around 20% just before the pandemic. The percentage of the over-75s roughly doubled as well, from around 4% to 8%.
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