Volume 19 No 19 May 2002

 
Work Turns Old into Gold
By Sagittarius
Just how old is old? Older than 30? Older than 40? Older
than 50 or more? Usually, you are too old whenever
you think you are. It is really in the eye of the beholder.
Think a minute: How old would you be if you didn't
know your age?
Recent studies show that when a person has an active and inquiring mind, he or she gets smarter as the years go by. Another recent report reveals that an active and inquiring mind is a tremendous deterrent to Alzheimer's disease, while it helps a person live a longer life. So, do you consider yourself old? How many of you consider yourself spending too much time in the office or at work? What would you think if I told you that if you are older than 40, the majority of people in the business world consider you old? Age discrimination is alive and well for those in their 40s. The first
thing that most business people today think of when they hear of hiring an older person is: I can hire them for nothing -- since they are probably on retirement and/or dependants.
I recently received a letter from a man who was told by his company that his salary would be cut in half because he would soon be 62. That is like a forced retirement, and retirement should be viewed not as a time of rocking chairs but of trampolines. No one should be forced into a retirement unless he or she is ready.
Let's go back to the questions. What do you consider old? That probably depends on how old you are. Well, let me tell you -- that has changed dramatically due to baby boomers coming into the "old" category. After 2010, in the west, the first of the baby boomers will reach what is today considered a normal retirement age of 65. Their large numbers will combine with relative declines in the size of the traditional working-age population, or those ages 18-64, and lengthening life expectancies at age 66, to bring about major changes in the nation's age structure. Will income from earnings continue to be an important source of economic security for baby boomers during their retirement years? The short answer is yes, for some elderly households.
In fact, the presence of earned income is likely to be a distinguishing characteristic with respect to the income level of the elderly. The longer answer
requires a brief overview of retirement trends and of the importance of earned income to today's elderly households. It also calls for a discussion of whether older workers of the future are likely to be
willing and able to work at older ages, and which workers are most likely to be in a position to work.
To many "older" citizens, the question of working is not a choice -- it is a necessity.
A survey says that nearly all people 65 and older say they have to work to increase their buying power. Three-fourths of the remaining says they have to work to survive. Many simply say they would rather die working then rocking in a chair. That old saying "work never killed anyone" has been proved true. Statistics show people who do work live longer than sedentary couch potatoes. Therefore, if you want to live a long life and are older than 55, don’t give up.
 
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