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I speak to Elderly customers who are retiring ( early or not ) and they come in 2 types
a. Im going to relax and do nothing for a few months, after all ive worked for 40 years I deserve that ( these normally, just sit in the chair and take it easy for 6 months, which turns into 9 months as its now maybe winter and its too cold / summer and its packed everywhere, they never really get going again, so that chair is what they know till they Die, health often deteriorates and they just wait to die )
b. Im going to do this or that hobby, live my life to the full and enjoy my retirement, but im not stopping, just changing work for enjoyment ( these normally look younger and have a decent life )
Choose Life, Choose B
60 is a good age to retire, people need to be able to provide for themselves though, as the state retirement will keep getting pushed back, if people start work and commit 10% of their wages to a pension with an employer's top up it should still be possible.
Most people need a lot less in retirement anyway.
https://www.theguardian.com/money/20...te-pension-age
Apparently the plan to bring forward the SPA has been paused until after the next GE
I retired five years ago after 44 years of continuous employment. I had a plan to do some things I'd always wanted to do like learn to play guitar and sail a dinghy. All well and good but didn't satisfy the need to feel valued. I looked at my skill set from work and now volunteer at the sailing club as their training adminstrator. I was always a keen DIYer so also volunteer one day a week at my local 7th tier football club doing grounds maintenance, paving, fencing, plumbing etc. Met loads of new friends into the bargain. So I'd say figure out what you're good at and volunteer those skills back into the community. Gives you a reason to get off your arse with no real pressure.
True. But in absolute numbers the elderly are increasing. Also, growing infirmity places an increasing burden on government spending on the NHS, increasing national debt burden and necessitating extending retirement age.
Animated population pyramids for UK, UK, nations and individual towns and cities:
https://www.ons.gov.uk/peoplepopulat...ive/2020-01-08
On my retirement i will start a power trio. a la Rush,ZZ top,Nirvana and Depeche mode.