Working at 76: Inflation forces hard choice for older adults in U.S.

While nearly half of adults ages 30-49 said they thought their finances would improve over 12 months, only a little more than a quarter of people 50 and older thought the same thing.

Thanks neo-liberal late stage capitalism!

"Right to Work" laws, getting rid of unions, making the labor market more deregulated was supposed to lead to prosperity?

Instead people can't retire and have meager pension benefits as the market for a living wage is shrinking to nothingness.

I really wouldn’t want to have to be still working in my seventies or eighties.

In some ways the US is a third world country. It is the mark of a civilised society how they treat their aged members.

Desperation is the fuel that the US economy runs on.

It's ok here in Japan we have 92 yo working still for McDonalds

Some may be of necessity but given the Japanese mind frame, especially that generation a lot probably do so of choice.

The determining difference which those with a better understanding of the US and Japans social care support for the elderly, is what systems and benefits are in place to support them in each country?

Glad I don’t live in the US. Things getting worse for average folk, with no improvement in sight.

Retirement has always been a bit of a scam. You get all the free time you want, but are too old, poor and slow to enjoy any of it.

Retirees can decline rapidly once they leave a busy career. Keeping busy helps, although being forced back into work is no picnic. At least if you are at work, you aren't heating your home at high cost. Alternatively, get on ebay or etsy and knit/trade yourself some extra cash. A lifetime of experience can give you a head start in the retro market. And there is always OnlyFans.

At least America has functional post and transport services, and their inflation hasn't been boosted by a collapsing currency, so maybe a few blessings can be counted. Those of us heading for third world status can forget retiring altogether.

In theory, high inflation will break the power of commercial entities and consumers and hand it back to governments, who can dole out small amounts of cash to keep the nouveau pauvre alive in return for control and compliancy. Good news for all the socialists and paid CCP shills on here.

However, a return to the 1970s may shatter economies, end regimes and wipe out any hope of a green transition. None of those COP promises will be kept as exports, trade, retail, hospitality and services collapse. There will be no spare cash to hand to poor countries to preserve their ecologies. Still, governments will have fought off globalisation, corporates and consumers and be back in charge as civilisation declines and collapses in a heady mix of small wars and climate holocaust. And who else would you want in charge of the end of your world other than the Tories, the LDP, Macron, Xi and Putin? You can trust them to look after you, can't you!

...and yet over on another story here on JT, posters were calling Kishida a moron for encouraging citizens to invest in stocks.

The finanialization of everything means banks/funders has their greasy hands in everything. Company CEOs are treated as incompetent managers if they didn't exploit workers enough, even your mortgate is a financial product, your shop rewards, your wages...

The only way to claw back some of your hard labour is to be at the receiving end of financialization as well, ie own stocks and receive dividends. Else you are a by-product of financialization.