Slate Money When Are You Too Old to Work?
Jul 13, 2024
Exploring retirement age policies, challenges faced by Generation X in retirement planning, contrasting financial attitudes between generations, prevalence of Non-Disclosure Agreements in various scenarios, and a lawsuit involving Beastie Boys vs. Chili's in the music industry.
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Older Americans in the Workforce
- More Americans over 65 are working now compared to the 2000s, but fewer than in the past.
- This increase is partly due to changes in Social Security and the shift from pensions to 401Ks.
Work in Retirement
- No one should be forced to work in retirement, but anyone who wants to should be allowed.
- Mandatory retirement ages can be seen as age discrimination, though sometimes justified for safety.
Boeing's Institutional Knowledge Loss
- Boeing no longer has employees who have designed a plane from scratch, due to buyouts.
- This loss of institutional knowledge and experience can negatively impact safety and innovation.