TITLE

Retirement Is Dead

AUTHOR(S)
Dychtwald, Ken
PUB. DATE
November 2002
SOURCE
Journal of Financial Planning;Nov2002, Vol. 15 Issue 11, p16
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
This article addresses questions about retirement. In stating the main reasons for another study about retirement, Ken Dychtwald, psychologist, gerontologist and author, said that when people read about retirement in the press, they typically see retirees want more, retirees are frightened of, retirees believe that. When Dychtwald was talking with AIG about a proposed study, they wandered off into a discussion of their own families. And it struck him that if there is anything they know from their own personal lives, it is that there are many different flavors of retirement, yet retirees tend to be all lumped together in one bucket. Meanwhile, in stating his reason for believing that retirement is dead or dying, Dychtwald said that one has to look back at the history of retirement to get a little perspective. Until about 1900, there was no retirement. In the early decades of the 20th century, people saw the beginnings of their cult of youth. The issue of productivity of younger people began to be studied and emerge in the literature. Moreover, in response as to why people now say they want to continue working, he stated that many studies indicate that between half and two-thirds of those currently retired and not working are unhappy. They are not satisfied doing nothing. They feel a loss of self-purpose and of the ability to be productive and earn income.
ACCESSION #
7863681

 

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