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(LA Times)   Gallup poll says that three out of four Americans plan to work past retirement age. Difficulty: Finding a job that will let them work past 50   (latimes.com) divider line 50
    More: Interesting, Gallup, Americans, retirement age, retirement  
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646 clicks; posted to Business » on 25 May 2013 at 10:39 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-05-25 08:01:19 AM  
My retirement plan is simple enough: I'll work until I die at age 90, when I'll be mercifully killed by a drunken teenager throwing a frozen beer at my head while I'm picking up used condoms and cigarette butts in the parking lot of a Burger King somewhere in Northern Minnesota at 2 o'clock in the morning.
 
2013-05-25 08:20:31 AM  

TsarTom: My retirement plan is simple enough: I'll work until I die at age 90, when I'll be mercifully killed by a drunken teenager throwing a frozen beer at my head while I'm picking up used condoms and cigarette butts in the parking lot of a Burger King somewhere in Northern Minnesota at 2 o'clock in the morning.


Exactly. I'm going on 34 years in advertising and don't even know how to spell the word.

/has a 8 person proof reading department
 
2013-05-25 10:43:33 AM  
Third-world nations just might have a major influx of older Americans in the next few decades. They cash out their homes here, and live there, simply because that's the only place they will be able to live comfortably (and by that I don't mean like rich folk; I mean in a home with walls, a roof, and food that wasn't intended for cats).
 
2013-05-25 10:44:05 AM  
I work in a hospital imaging department.  My experience with the 60+ crowd is that they're old and tired, can't keep up, can't move patients well, their skills have deteriorated (eyesight is important), and they have health issues more often that keeps them from working.  That combined with their increased pay for longer levels of experience makes it a bad idea to hire someone 50 or older for almost any position.

/flame on?
 
2013-05-25 10:49:28 AM  

feanorn: Third-world nations just might have a major influx of older Americans in the next few decades. They cash out their homes here, and live there, simply because that's the only place they will be able to live comfortably (and by that I don't mean like rich folk; I mean in a home with walls, a roof, and food that wasn't intended for cats).


Thailand already has a burgeoning market of retired Americans looking to live better on JUST social security.  They even have "retirement visas" specificly for them.
 
2013-05-25 10:55:08 AM  

Ambivalence: feanorn: Third-world nations just might have a major influx of older Americans in the next few decades. They cash out their homes here, and live there, simply because that's the only place they will be able to live comfortably (and by that I don't mean like rich folk; I mean in a home with walls, a roof, and food that wasn't intended for cats).

Thailand already has a burgeoning market of retired Americans looking to live better on JUST social security.  They even have "retirement visas" specificly for them.


Only half-surprised it's started already. Interesting.
 
2013-05-25 11:00:37 AM  
Actually Dumbmitter part of the reason people in the 18-35 age group are having trouble getting good jobs is people age 50+ aren't retiring
 
2013-05-25 11:03:08 AM  

karasoth: Actually Dumbmitter part of the reason people in the 18-35 age group are having trouble getting good jobs is people age 50+ aren't retiring


I'm gonna repeat this, as I'm in this age bracket and haven't found a job in my field yet.
 
2013-05-25 11:03:33 AM  

Ambivalence: Thailand already has a burgeoning market of retired Americans looking to live better on JUST social security.  They even have "retirement visas" specificly for them.


You don't have to go that far. Starting at our southern border the following countries accept US social security for retiree visas:

Mexico
Guatemala
Belize
Honduras
Costa Rica
Panama
Ecuador
Chile

And there are no doubt more than I am not aware of.
 
2013-05-25 11:05:27 AM  

karasoth: Actually Dumbmitter part of the reason people in the 18-35 age group are having trouble getting good jobs is people age 50+ aren't retiring


They can't retire because they still have to support their adult children who can't find jobs.
 
2013-05-25 11:05:33 AM  
58, here. age discrimination sucks. got downsized in 2009. I kick ass on my resume which gets me interviews but I actually had a potential employer (who was my age and gender) look me in the eye and say 'OMG, you are my age!'. That was the end of the interview. Now I throw around 50 lb rolls of paper all day for half of what I was making but also with half the stress. I am hoping my body holds out until I can collect SS. Then its a retirement village in Mexico somewhere. Durango, maybe.
 
2013-05-25 11:08:01 AM  
In the scientific research field, the standard is much older. Typically, you get your PhD at around 30, work in five or six post-doctoral (slave) positions until your mid 40s, when you finally get your own lab and your first R01 grant. Then you finally climb up the ranks and become a full professor by the age of 65, when you finally have a job for life. So you keep working and maybe get a Nobel Prize by the age of 85 or 90; if not, you die of exhaustion.

Unless, of course, your name is Einstein. Then you've got tenure at age 32 and a million dollar lab by age 35.
 
2013-05-25 11:08:11 AM  

raerae1980: karasoth: Actually Dumbmitter part of the reason people in the 18-35 age group are having trouble getting good jobs is people age 50+ aren't retiring

I'm gonna repeat this, as I'm in this age bracket and haven't found a job in my field yet.


This is nothing new. Good times or bad, those just entering the work force have always had the highest unemployment.

www.demos.org
 
2013-05-25 11:26:59 AM  

Stone Meadow: raerae1980: karasoth: Actually Dumbmitter part of the reason people in the 18-35 age group are having trouble getting good jobs is people age 50+ aren't retiring

I'm gonna repeat this, as I'm in this age bracket and haven't found a job in my field yet.

This is nothing new. Good times or bad, those just entering the work force have always had the highest unemployment.

[www.demos.org image 850x532]


That actually made me feel worse, as I'm turning 33 this summer.  :(
 
2013-05-25 11:30:24 AM  
More Americans are retiring overseas  so they can live comfortably on their meager pensions and savings.  If the government was smart it would figure out a way to extend Medicare coverage overseas.  That would save the program a bundle of money and would probably get even more Americans to retire outside the US.
 
2013-05-25 11:40:08 AM  

raerae1980: Stone Meadow: raerae1980: karasoth: Actually Dumbmitter part of the reason people in the 18-35 age group are having trouble getting good jobs is people age 50+ aren't retiring

I'm gonna repeat this, as I'm in this age bracket and haven't found a job in my field yet.

This is nothing new. Good times or bad, those just entering the work force have always had the highest unemployment.

[www.demos.org image 850x532]

That actually made me feel worse, as I'm turning 33 this summer.  :(


Meh, not to worry. You're just entering the prime career years...you'll find something. Heck, in 20 years you and yours will BE the establishment.

How's THAT for a sick thought? ;^)
 
2013-05-25 11:55:09 AM  
I'm 50 and doing better than I ever have. I credit learning about investing in the early 90's. Had a guy working for me who was writing his own stock picking program on the side.

Pretty sure I will end up living outside the U.S. in the not too distant future. This country devalues age and knowledge like no other. There is no way I'm working an 8-5 job ever again.

I've been to Thailand a couple times when I was in the Navy. Wouldn't mind making it a permanent home.
 
2013-05-25 12:00:05 PM  
It's too bad Walmart doesn't hire store greeters anymore.

/Over age 50 men are incredibly stubborn
//Over age 50 women are incrediby difficult to teach
///Thank goodness not in HR.
 
2013-05-25 12:23:41 PM  
I can probably stay right where I'm at until I retire at 67 (14 more years).  I don't expect to have functioning feet ro legs by that point, but what the hell, right?
 
2013-05-25 12:48:30 PM  

drewbob21: It's too bad Walmart doesn't hire store greeters anymore.

/Over age 50 men are incredibly stubborn
//Over age 50 women are incrediby difficult to teach
///Thank goodness not in HR.


confirmation bias is cute. Having spent 2 1/2 decades in IT and Sales, and having taught many, MANY classes, 20 somethings are by FAR the worst. Not even close.

Women over the age of 50 jsut require patience, and a GOOD instructor.
 
2013-05-25 12:52:27 PM  

DrewCurtisJr: karasoth: Actually Dumbmitter part of the reason people in the 18-35 age group are having trouble getting good jobs is people age 50+ aren't retiring

They can't retire because they still have to support their adult children who can't find jobs.


But we can't make a cool video until we get Eddie Van Halen.
 
2013-05-25 12:58:11 PM  

mediablitz: I'm 50 and doing better than I ever have. I credit learning about investing in the early 90's. Had a guy working for me who was writing his own stock picking program on the side.

Pretty sure I will end up living outside the U.S. in the not too distant future. This country devalues age and knowledge like no other. There is no way I'm working an 8-5 job ever again.

I've been to Thailand a couple times when I was in the Navy. Wouldn't mind making it a permanent home.


Same here.  I laugh at the 20-30 year olds coming into interview for a job... no professional skills whatsoever.  I've got job security for as long as I want it.

/Visited Thailand as well while in the Navy.

//Although I hear Ecuador is the place to retire nowadays.  Beach front homes with 180 degree views for $300k.
 
2013-05-25 01:34:05 PM  

feanorn: Third-world nations just might have a major influx of older Americans in the next few decades. They cash out their homes here, and live there, simply because that's the only place they will be able to live comfortably (and by that I don't mean like rich folk; I mean in a home with walls, a roof, and food that wasn't intended for cats).


I'm predicting the same thing.  Condo sales in safe, stable Caribbean and Latin American countries are going to skyrocket in the next 20 years.  A pension that pays $25k a year isn't going to go far for someone living in America, but in Panama or Costa Rica ...
 
2013-05-25 01:53:24 PM  

Stone Meadow: raerae1980: karasoth: Actually Dumbmitter part of the reason people in the 18-35 age group are having trouble getting good jobs is people age 50+ aren't retiring

I'm gonna repeat this, as I'm in this age bracket and haven't found a job in my field yet.

This is nothing new. Good times or bad, those just entering the work force have always had the highest unemployment.

[www.demos.org image 850x532]


THIS! You kids think you have it bad. I'm at the tail end of the boomer years. When I graduated, all the jobs were taken by people only five or ten years older than me. Waiting for them to die or retire was not an option.
 
2013-05-25 02:08:03 PM  

mediablitz: drewbob21: It's too bad Walmart doesn't hire store greeters anymore.

/Over age 50 men are incredibly stubborn
//Over age 50 women are incrediby difficult to teach
///Thank goodness not in HR.

confirmation bias is cute. Having spent 2 1/2 decades in IT and Sales, and having taught many, MANY classes, 20 somethings are by FAR the worst. Not even close.

Women over the age of 50 jsut require patience, and a GOOD instructor.


I'm sure that you being over the age of 50 has no bearing whatsoever on your opinion.
 
2013-05-25 02:17:19 PM  

drewbob21: mediablitz: drewbob21: It's too bad Walmart doesn't hire store greeters anymore.

/Over age 50 men are incredibly stubborn
//Over age 50 women are incrediby difficult to teach
///Thank goodness not in HR.

confirmation bias is cute. Having spent 2 1/2 decades in IT and Sales, and having taught many, MANY classes, 20 somethings are by FAR the worst. Not even close.

Women over the age of 50 jsut require patience, and a GOOD instructor.

I'm sure that you being over the age of 50 has no bearing whatsoever on your opinion.


I'm sure that you being under the age of 50 has no bearing whatsoever on your opinion.
 
2013-05-25 02:24:08 PM  

El_Dandy_IX: drewbob21: mediablitz: drewbob21: It's too bad Walmart doesn't hire store greeters anymore.

/Over age 50 men are incredibly stubborn
//Over age 50 women are incrediby difficult to teach
///Thank goodness not in HR.

confirmation bias is cute. Having spent 2 1/2 decades in IT and Sales, and having taught many, MANY classes, 20 somethings are by FAR the worst. Not even close.

Women over the age of 50 jsut require patience, and a GOOD instructor.

I'm sure that you being over the age of 50 has no bearing whatsoever on your opinion.

I'm sure that you being under the age of 50 has no bearing whatsoever on your opinion.


It certainly does.  I would never claim otherwise, nor should he since his opinion is also based of his past experience.
 
2013-05-25 02:26:17 PM  

Stone Meadow: raerae1980: karasoth: Actually Dumbmitter part of the reason people in the 18-35 age group are having trouble getting good jobs is people age 50+ aren't retiring

I'm gonna repeat this, as I'm in this age bracket and haven't found a job in my field yet.

This is nothing new. Good times or bad, those just entering the work force have always had the highest unemployment.

[www.demos.org image 850x532]


And, even if you do happen to get a job, you'll be entry-level for over a decade. I'm closing in on 40 and have been only eligible to make "horizontal" career moves my entire life. The older generations are totally entrenched in middle- and senior management, and won't budge. farking retire already and give someone else a chance--like your parents did before you and their parents did and their parents did...
 
2013-05-25 03:17:02 PM  

Chelsea Clinton Is Carrot Top's Lost Twin: Same here. I laugh at the 20-30 year olds coming into interview for a job... no professional skills whatsoever. I've got job security for as long as I want it.


And now for a very serious question. I go to college, do well, get a degree, still can't get a job. Go get resume criticism, mock interviews, the works. Still can't get a job. Take a hell desk position, skills I learn from my first degree wither because no one will hire me. Go to college AGAIN and get more skills, STILL CAN'T FIND A FARKING JOB!

At what point do I have any "professional skills." How the FARK are we supposed to get them if no one will hire us?

Go on, explain this to me.
 
2013-05-25 03:28:16 PM  

runwiz: More Americans are retiring overseas  so they can live comfortably on their meager pensions and savings.  If the government was smart it would figure out a way to extend Medicare coverage overseas.  That would save the program a bundle of money and would probably get even more Americans to retire outside the US.




Uh, you realize you can get a top of the line health insurance policy in Argentina for $100/month?
 
2013-05-25 04:43:41 PM  
Its a biatch that people just CANNOT retire...

I got lucky....Got a good job right out of technical college at age 20. 24 years with the same company. Great defined benefit pension plan. I'll qualify for a full pension 2 months after I turn 55 - And I'm out. House will be paid off at age 54.

For me its ideal...For most its just not possible.
 
2013-05-25 06:22:46 PM  

darkvstar: I actually had a potential employer (who was my age and gender) look me in the eye and say 'OMG, you are my age!'. That was the end of the interview.


...and the beginning of a lawsuit.

Or it would be if we had a functional tort system.
 
2013-05-25 06:26:08 PM  

The Life Of Brian: Got a good job right out of technical college at age 20. 24 years with the same company. Great defined benefit pension plan. I'll qualify for a full pension 2 months after I turn 55 - And I'm out. House will be paid off at age 54.


You'll be laid off at age 49 and will have to take a series of clerical jobs through a temp agency in order to limp across the finish line eight years later.

I'm telling you this now so you won't be surprised when it happens.
 
2013-05-25 06:41:37 PM  

poot_rootbeer: The Life Of Brian: Got a good job right out of technical college at age 20. 24 years with the same company. Great defined benefit pension plan. I'll qualify for a full pension 2 months after I turn 55 - And I'm out. House will be paid off at age 54.

You'll be laid off at age 49 and will have to take a series of clerical jobs through a temp agency in order to limp across the finish line eight years later.

I'm telling you this now so you won't be surprised when it happens.


Well I'm in one of those nasty unions...and with recent retirements/packages...I'm now quite high up the list...

So if I go, the company goes since if they are laying off to my level of seniority there's nobody left

Now my HOPE is the company keeps going, but its a competitive business! Telecom. I won't say where I work, but I'm in Canada, and the company was just sold while I'm off on vacation to an Egyptian billionaire.... Anyone who wants to do a bit of Google magic could figure it out!
Company has been around for more than 100 years....And only coast to coast network in Canada...so there is that.
 
2013-05-25 09:43:50 PM  
I'm fairly old by this club's standards.  My personal observation:  20 somethings whine about everything (except for the 20 somethings who are reading this who I'm sure are totally well adjusted human beings and I'd never say anything depreciating about).

It doesn't matter what generation you're from.  When the teenage years are behind you and you've entered a more adult world, immaturity and questionable choices may find less tolerance in the workplace than you're used to.  This comes as a shock to a few 20 somethings.  They may have a fresh and idealistic view of the world and are shocked and offended when supervisors have no time or respect for their young sensibilities.  Sometimes, people who do the hiring choose tested experience over higher potential that comes with likely drama baggage.

On the other side of the coin, sometimes anything that breathes is hired over a person of advanced age who has a fully developed entitlement attitude and no concept of job productivity.

When I was 20 something it was the same.  Younger and older employees are both discriminated against because of age.  All you geezers and whippersnappers need to go whine somewhere else.
 
2013-05-25 10:11:43 PM  

Xetal: I work in a hospital imaging department.  My experience with the 60+ crowd is that they're old and tired, can't keep up, can't move patients well, their skills have deteriorated (eyesight is important), and they have health issues more often that keeps them from working.  That combined with their increased pay for longer levels of experience makes it a bad idea to hire someone 50 or older for almost any position.

/flame on?


Manual labour jobs are tough on the body, more at 11.
 
2013-05-25 10:14:50 PM  

mediablitz: Women over the age of 50 jsut require patience, and a GOOD instructor.


The rest of us have to make do with learning the material from whatever type of instructor is available.  You sound like the hard to teach 50+ year old female demographic he was talking about.  If you can't learn the material from an instructor that other people can learn from, you are not as useful as those other people.

Chelsea Clinton Is Carrot Top's Lost Twin: Same here. I laugh at the 20-30 year olds coming into interview for a job... no professional skills whatsoever. I've got job security for as long as I want it.


I had a rant all typed up, but I realized the sweetest reply will be the day your employer replaces you with a few of those 20-30 year olds because they are cheaper.  You are going to find out that your professional skills are not that irreplaceable (unless you want to share your story of how you have made yourself un-promotable by making yourself irreplaceable).
 
2013-05-25 10:55:07 PM  
Meh. I'm fifty and was "laid off" on my eighth anniversary at my last job. Good luck to anyone in the market at that age, it ain't easy. 25 years experience in IT don't mean shiat now. Been looking for a 1.6 years , one interview so far.
 
2013-05-25 11:24:47 PM  

BumpInTheNight: Xetal: I work in a hospital imaging department.  My experience with the 60+ crowd is that they're old and tired, can't keep up, can't move patients well, their skills have deteriorated (eyesight is important), and they have health issues more often that keeps them from working.  That combined with their increased pay for longer levels of experience makes it a bad idea to hire someone 50 or older for almost any position.

/flame on?

Manual labour jobs are tough on the body, more at 11.


I don't think most people consider ultrasound to be manual labor.  If it was manual labor then they wouldn't be handicapped at the job by 55, they'd be useless instead.
 
2013-05-25 11:33:20 PM  

The Life Of Brian: Its a biatch that people just CANNOT retire...

I got lucky....Got a good job right out of technical college at age 20. 24 years with the same company. Great defined benefit pension plan. I'll qualify for a full pension 2 months after I turn 55 - And I'm out. House will be paid off at age 54.

For me its ideal...For most its just not possible.


Good that you recognize that. I work with a few Boomers who have grandfathered-in pension plans that don't understand why younger people like me feel gypped with our 401Ks....
 
2013-05-26 03:33:07 AM  
Is Hawaii screwed?  I just spent another week on Maui, and noticed that the tourist areas were filled with elderly white people who looked like retired upper managers, the men particularly.

Those guys are the last large group to get actual pensions, and when they die my generation (I'm 47) will not have the pension income to spend on regular Hawaiian vacations.   401ks, as everyone here seems to agree, will not provide the same income, which is why all your employers dropped pensions due to the cost out of their profits.  Or to put it another way, the money was there, but Mitt Romney needed it more than you did.

So unless newly-emerged economies start producing the same number of people with the money and interest in Hawaiian vacations, the future looks kinda farked for one of my favorite places.
 
2013-05-26 08:05:01 AM  

El Pachuco: Is Hawaii screwed?  I just spent another week on Maui, and noticed that the tourist areas were filled with elderly white people who looked like retired upper managers, the men particularly.

Those guys are the last large group to get actual pensions, and when they die my generation (I'm 47) will not have the pension income to spend on regular Hawaiian vacations.   401ks, as everyone here seems to agree, will not provide the same income, which is why all your employers dropped pensions due to the cost out of their profits.  Or to put it another way, the money was there, but Mitt Romney needed it more than you did.

So unless newly-emerged economies start producing the same number of people with the money and interest in Hawaiian vacations, the future looks kinda farked for one of my favorite places.


Unless there is new Airline Technology that is coming (There is: They are testing a new non military scram jet engine) that would vastly reduce the cost and time of a trip to the islands
 
2013-05-26 08:46:53 AM  

karasoth: Actually Dumbmitter part of the reason people in the 18-35 age group are having trouble getting good jobs is people age 50+ aren't retiring


And how in the monkeyfark are they supposed to retire after the awesome devaluation of the home and 401k since 2008 again?
 
2013-05-26 09:27:58 AM  

raerae1980: karasoth: Actually Dumbmitter part of the reason people in the 18-35 age group are having trouble getting good jobs is people age 50+ aren't retiring

I'm gonna repeat this, as I'm in this age bracket and haven't found a job in my field yet.


Boo-farkin-hoo.  When I was in the 18-35 age bracket and doing my post college job hunting, all the FARKING BABY BOOMERS were sitting on the jobs I wanted.  It was the first Bush recession and people with 10 years more experience were competing for the same jobs as my generation.  So fark them and fark you on general principles.
 
2013-05-26 09:36:37 AM  
I am 24 and what is retirement?
 
2013-05-26 11:03:26 AM  

Penoatle: I am 24 and what is retirement?


6 matching numbers.
 
2013-05-26 11:44:54 AM  

Tio_Holtzmann: karasoth: Actually Dumbmitter part of the reason people in the 18-35 age group are having trouble getting good jobs is people age 50+ aren't retiring

And how in the monkeyfark are they supposed to retire after the awesome devaluation of the home and 401k since 2008 again?


Well if the President cared about fixing the problems with homes for homeowners (Rather then bailing out Hedge funds) we would have been fine
 
2013-05-26 12:57:36 PM  

karasoth: Tio_Holtzmann: karasoth: Actually Dumbmitter part of the reason people in the 18-35 age group are having trouble getting good jobs is people age 50+ aren't retiring

And how in the monkeyfark are they supposed to retire after the awesome devaluation of the home and 401k since 2008 again?

Well if the President cared about fixing the problems with homes for homeowners (Rather then bailing out Hedge funds) we would have been fine


BUT T3H BANKS R T3H JERB CREATERS
 
2013-05-26 06:10:46 PM  

karasoth: Actually Dumbmitter part of the reason people in the 18-35 age group are having trouble getting good jobs is people age 50+ aren't retiring


In other words those who can't find a job can't find one because those who are employed have filled all the vacancies.

That's another way of saying there aren't enough jobs to go around.
 
2013-05-26 06:12:44 PM  

drewbob21: mediablitz: drewbob21: It's too bad Walmart doesn't hire store greeters anymore.

/Over age 50 men are incredibly stubborn
//Over age 50 women are incrediby difficult to teach
///Thank goodness not in HR.

confirmation bias is cute. Having spent 2 1/2 decades in IT and Sales, and having taught many, MANY classes, 20 somethings are by FAR the worst. Not even close.

Women over the age of 50 jsut require patience, and a GOOD instructor.

I'm sure that you being over the age of 50 has no bearing whatsoever on your opinion.


Ageism is every bit as heinous as racism.
 
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