For a while there, we had a pattern. You went to school, you worked and then you retired for a handful of years before your eternal demise. Well, that pattern is broken.
QuoteFor a while there, we had a pattern. You went to school, you worked and then you retired for a handful of years before your eternal demise. Well, that pattern is broken.That "pattern" only worked for a small percentage of people for a short number of years. That is not a pattern...
It worked for my parents and grandparents. How short were those years by your measure? DW and I ought to be abel to retire just fine. Not early but still, retire comfortably. All the standard choices - everything financial in moderation.
Quote from: MrMoogle on October 24, 2016, 01:44:14 PMQuoteFor a while there, we had a pattern. You went to school, you worked and then you retired for a handful of years before your eternal demise. Well, that pattern is broken.That "pattern" only worked for a small percentage of people for a short number of years. That is not a pattern...Short human memories are to blame for this. "Normal", "traditional", and "right" are words used to apply to whatever circumstances existed while the dominant generation was growing up. This is just as true for finance as it is for social structures or environmental science. Once, most of Europe and Mesopotamia was covered in forests. Then came the Bronze Age.
'Disengagement from the labour market will not be an "event" marked in the calendar, it will be a much more gradual process.'