You probably won’t retire when your parents did -here’s why that’s not all bad news | Lynda Gratton

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Big Think

Big Think

Күн бұрын

People are living longer than ever, challenging our assumptions around milestones like retirement. Economist Lynda Gratton explains a “multi-stage life,” and how retiring later isn’t necessarily something to fear.
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Lynda Gratton challenges the idea of retiring at 60, advocating instead for a multi-stage life. She argues that with increasing life expectancy and technological changes, we need to redesign work.
Gratton, a Professor of Management Practice at the London Business School, proposes a flexible approach that allows individuals to customize their lives through lifelong education, diverse work options, and delayed retirement. She encourages self-reflection and courage to embrace this new paradigm, urging viewers to make work enjoyable, exciting, and a continuous learning experience.
The key message is to ditch the old idea of retirement, work longer, and create a life that fits individual needs.
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About Lynda Gratton:
Lynda is a Professor of Management Practice at London Business School where she directs ‘Human Resource Strategy in Transforming Companies’, considered the world’s leading programme on human resources. Lynda is the founder of the advisory practice HSM Advisory and since 2008 has led the Future of Work by HSM which has brought together executives from more than 100 companies over the past 14 years.
Lynda’s work has been acknowledged globally - she has won the Tata prize in India; in the US she has been named as the annual Fellow of NAHR and won the CCL prize; whilst in Australia she has won the AHRI prize; she has received the Best Teacher Award at London Business School. Lynda is a Fellow of the World Economic Forum and chaired the WEF Council of Leadership. She has served on former Japanese Prime Minister Abe’s “Council for designing the 100-year-life society” and is currently a member of the international advisory board of Equinor.

Пікірлер: 865
@Lee-ks1en
@Lee-ks1en 5 ай бұрын
I’ve been retired for 8 years. And here’s the truth: save your money, invest as much as possible, and retire as soon as you can. We were not made to work like mules until we die. There are so many things people can do besides work! Just my two cents.
@WtfYoutube_YouSuck
@WtfYoutube_YouSuck 5 ай бұрын
Right! Fuck this video and the WEF slave state
@jacobfreadman4981
@jacobfreadman4981 5 ай бұрын
I'm so glad to see most of the comments on this video of similar opinion to this. Not only is working till you drop a terrible life, but contrary to what capitalism wants us to believe it just isn't necessary.
@TheFezzik
@TheFezzik 5 ай бұрын
This is my goal this year. I will be 46 and have saved since I was in my teens. I'm still working at something, but it is a passion rather than a corporate position.
@annunacky4463
@annunacky4463 5 ай бұрын
I watched my friends buy big houses and fancy cars. We bought used cars, a smaller house and started saving. Once we got some money ahead, we started investing and buying with cash vs loans for a few things. I was able to retire at 57, TBH my wife made that possible by working and giving me insurance…but she was able to retire at 62, and we are so glad to have done that. They work you until you drop if you don’t plan ahead. Those friends I mentioned are still working, at least some… Oh, the reason we didn’t retire sooner is that we sent our 2 kids to college for 12 years and paid for it all. My daughter went to Vet school and that cost about $100k plus room and board. She and her brother entered the work force debt free. I’m glad we could do that for them.
@KT-ey3lh
@KT-ey3lh 5 ай бұрын
Thank you for sharing this. I came to the same conclusion when I noticed multiple functions are getting roled into 1 position in my industry. I can't imagine how exhausting keeping up with industry process standards would be if I stay in my current industry for 10 or more yrs.
@daddy6757
@daddy6757 5 ай бұрын
I want to retire because I don't want to be exploited for my labor any longer
@my.names.robb.with.two.bs1
@my.names.robb.with.two.bs1 5 ай бұрын
The good news is you never were exploited to begin with, so a quick and easy shift in perspective could make you feel like you're retired right now. We are built to produced good for others. It's the purpose of life. There's a reason people die right after they retire. Because we aren't built to live for ourselves only. People also die before their time because they are filled with negative emotions that disrupt the body systems and lead to disease. Get rid of this vile Marxist anti life rhetoric. Meditate on positive emotions. Learn to see the world glass half full. Relish the good you can bring to the lives of the people around you. Appreciate the level of quality in our lives that people didn't have even 50 years ago. Would you rather take a crap in an outhouse and pump water from a well? We got it good because of this economic system.
@mrnubbs8965
@mrnubbs8965 5 ай бұрын
This is the boss that harps on the “we’re a family here” mantra
@my.names.robb.with.two.bs1
@my.names.robb.with.two.bs1 5 ай бұрын
That's when you work for places where the employees have no work ethic. Find a better company to work for and don't be a lazy dude that stands around doing nothing but complaining. Like attracts like. If you don't want to work in a cesspool then don't be a cesspool worker.
@mrnubbs8965
@mrnubbs8965 5 ай бұрын
@@my.names.robb.with.two.bs1 yeah okay rob
@happychick94
@happychick94 5 ай бұрын
So true!
@kanakamaoli4108
@kanakamaoli4108 4 ай бұрын
@@my.names.robb.with.two.bs1 here we have another capitalistic shill folks
@zoe_ward
@zoe_ward 2 ай бұрын
​​@@my.names.robb.with.two.bs1 capitalism has no ethics and knows only one thing, maximizing profit at the behest of the capital and capitalists at the cost of everything, most expandable of all; human lives
@alpgeorge7012
@alpgeorge7012 3 ай бұрын
My retirement account has gone down by 13.7% in the past year due to rebalancing I did out of fear uncertainty and doubt. What are best alternatives to take in other to secure a financially free retirement and achieve ultimate peace? I don’t want to fail after 42 years of working hard.
@elenib3052
@elenib3052 3 ай бұрын
If you want to rebuild your retirement by yourself, without the help of a partner, I will tell you it is near impossible. Even NewRetirement and co can’t do the job of an FA with expertise, a large following/client base and experience. Vet and hire one and begin to develop a rapport.
@alpgeorge7012
@alpgeorge7012 3 ай бұрын
How can one get to interview advisors? And what questions should you ask?
@peterpahor8228
@peterpahor8228 3 ай бұрын
Do some research. The demand for advisors have risen more now than it did in the 90’s. At least their importance in an economy such as this can’t be understated. There are a good bunch as well as a bad bunch.
@peterpahor8228
@peterpahor8228 3 ай бұрын
You gotta do due diligence and use discretion. I work with monica mary strigle sh’s big timer in New York w/ over 600 m worth assets under management
@peterpahor8228
@peterpahor8228 3 ай бұрын
Just research the name. You’ll find the necessary details to work with a correspondence to set up an appointment.
@archangelmichael1978
@archangelmichael1978 5 ай бұрын
You'll work till the day you die, and here's why that's a good thing!
@Doss3332
@Doss3332 5 ай бұрын
Literally the opposite of what she said
@Praisethesunson
@Praisethesunson 5 ай бұрын
​@@Doss3332no it isn't
@my.names.robb.with.two.bs1
@my.names.robb.with.two.bs1 5 ай бұрын
The meaning of life is service to others. Work is service to others. Work brings meaning because we do things there that improve the lives of others. No one should seek to "retire" from doing good for their fellow human, to the day we die. The day we do stop producing good is the day our soul dies.
@Praisethesunson
@Praisethesunson 5 ай бұрын
@@my.names.robb.with.two.bs1 The people who want you to work until you die only serve the rich. The rich serve no one. They have no souls
@fuckwit107
@fuckwit107 5 ай бұрын
@@my.names.robb.with.two.bs1 work is selling your soul to those who are unbelievably wealthy and making a penny to their pound
@klaxxor
@klaxxor 5 ай бұрын
I'm 45 years old and exhausted. I can't imagine another 25 years of working.
@bigal9998
@bigal9998 5 ай бұрын
I hear ya. I'm 49. And probably have twenty years to go. Hopefully less.
@passaroquetemasanaovoa
@passaroquetemasanaovoa 5 ай бұрын
That’s it; I’m 44.
@my.names.robb.with.two.bs1
@my.names.robb.with.two.bs1 5 ай бұрын
I'm in my 40s too, and I look forward each day to producing good for others in my community and making their lives better because I was there. I look forward to improving the quality of the good I can bring into other's lives so by the time I'm in my 50s 60s 70s I'm going to be hitting my stride in maximum good produced. I have no college education. I don't make that much. Neither did the people that immigrated here who became very wealthy in time. Hard work = helping others = mo' money = better quality life. Do that math, y'all.
@Andrea-zm1nl
@Andrea-zm1nl 5 ай бұрын
I completely agree. I am 43 and have worked full time since I was 16. I can't imagine doing this for another 27 years. So, I saved up some money ney and bought a home. It is a mobile home and it's old, but I now own my own home. This has drastically reduced my monthly expenses and will make it possible for me to retire. I can make my monthly bills on a fifteen to twenty hour a week job.
@memyselfandi8544
@memyselfandi8544 5 ай бұрын
Retired at 50. Realized I dodged the bullet, because now I have Jesus.
@Ondrix
@Ondrix 5 ай бұрын
The words of someone who's never done a single day of physically or mentally taxing work in their entire life.
@happychick94
@happychick94 5 ай бұрын
so true!
@dianemurillo6017
@dianemurillo6017 5 ай бұрын
try welding in 100 degree heat at 70. we are not all in offices. some of us work physically hard and by 70 our body will fail.
@Luis.Barrueta
@Luis.Barrueta 5 ай бұрын
I’m afraid you didn’t understand the message: her suggestion is that you use/develop a different ability to do something different, because obviously you cannot wield at 100° heat at 70.
@danielamortegui6426
@danielamortegui6426 2 ай бұрын
And in a lot of ways this goes for office jobs too! I'm pretty sure I'll have carpel tunnel symdrome by the time i'm 40.
@Dratini266
@Dratini266 2 ай бұрын
Damn, she’s really saying ‘Work sets you free’ lol
@nikolasmacedonites917
@nikolasmacedonites917 2 ай бұрын
She's saying work doesn't set you free but that's just fine!
@funknick
@funknick 5 ай бұрын
This person's views of the world come from the very privileged perspective of a desk-chair business analyst. It might be a surprise to some of these people that there are other people doing jobs that absolutely cannot be done by anyone for more than a couple decades. Blue collar jobs are at the highest demand possible and are the most demanding on a person's body. I know these people, they are my friends, and their bodies are wearing out at the ripe old age of 29. Don't come at me saying, "they should take better care of themselves then" either, these people are supremely physical fit, eat well, and exercise regularly. Even the fittest among us are incapable of keeping up with the demands of modern day society in these taxing professions. How in the world does this professor see these folks contributing when they're broke down at 50? They are now expected to just continue until they're 70? 80? Even if they transition to a new career, who will fill that void? We need these employees more than ever and child birth rates along with immigration is down in most developed countries. Where are you going to find the labour to keep this "gravy train" going? This business analyst is out to lunch. Their opinion of "people should just work longer" looks great for the 1% who just want to squeeze more work and profits out of their employee peons, but it's completely unfounded in the realities of the humans who work those jobs every day. This idea is preposterous and clearly hasn't left the academic cushioned world and looked at the real logistics of forcing blue collar workers to continue working into their "golden" years.
@lowhangingvegetable
@lowhangingvegetable 5 ай бұрын
The idea isnt that you just start working in your 20's and go straight through to your 70's. She specifically said thats too difficult. The idea is you work in one area for a while then maybe go back to education for a while, swap fields, take time off and constantly evolve. You wont neccessarily have to organize your life into education, then work then retirement if you dont want to. Not saying I agree, it's just she wasn't making the point that we should work solid through to our 70's.
@TheSkystrider
@TheSkystrider 5 ай бұрын
​@@lowhangingvegetable Exactly. OP has good points, and video did poor job explaining what we can do - @hobomick said it better than the prof. And I don't know what's right other than adaptability is key!
@funknick
@funknick 5 ай бұрын
@@lowhangingvegetable I understand she isn't making that point. I still think that her whole point is a pipe dream. Many people don't have the time, interest, aptitude, money, or capabilities to do what she's suggesting. Suggesting someone do one job at 20, switch careers at 30/40/50/60 isn't realistic. People don't actually do that. It's something we see, but it's incredibly rare. The belief that this is just "necessary" keeps coming up, and I hear it everywhere, but numerous studies have shown it's not really happening and won't. What is actually happening is we're seeing people actually grind through a low paying job their whole life, always too poor to get out of it, and they retire or die living with chronic conditions caused by their manual labour job.
@jamesigoe
@jamesigoe 5 ай бұрын
Working into old age works for people at higher levels, where they can derive a good deal of money, happiness, and no physical labor. For most people, work does not provide such great benefits. Redesigning work sounds wonderful, but this would only happen in an alternate US, one that has never existed, and will never exist in our lifetimes. The US economy has no concern for human welfare.
@imransyed8552
@imransyed8552 5 ай бұрын
This woman is very big on marketing for the big corps. Not the first interview of her that I've watched.
@hosackies
@hosackies 5 ай бұрын
She's speaking from a point of privilege and high society ignorance. Try telling the parents of a 3 kids household to "take a break" from work. "You can always go back to the assembly line when you're 70!"... Big think is promoting a lot of ignorance lately.
@WatchTheShotMedia
@WatchTheShotMedia 5 ай бұрын
💯
@JuiceJonesCreates.
@JuiceJonesCreates. 5 ай бұрын
fully agree
@happychick94
@happychick94 5 ай бұрын
So true!
@Luis.Barrueta
@Luis.Barrueta 5 ай бұрын
I’m afraid you didn’t understand her message of tailoring your life to your needs: If you have three small kids, of course you cannot take a two-year break from work. Read her book “A hundred year life” and you’ll get the enormous wisdom of her full message.
@jointhejourney7472
@jointhejourney7472 5 ай бұрын
Choose not to have three children. Have no children.
@tonystewart7624
@tonystewart7624 5 ай бұрын
That was one of the most horrifying big think videos I've ever watched. I don't mind working but at some point I would like to have time to do things I enjoy with people I love.
@thabangletsoalo
@thabangletsoalo 5 ай бұрын
Should the two not be mutually compatible i.e., should one not strive to work themselves towards a career or at least at a job that allows the freedom to enjoy life with the people they love ? Asking to understand.
@Krymefighter
@Krymefighter 5 ай бұрын
Agree. Worst, most myopic and deluded piece of content I have ever seen on what is otherwise a very good channel.
@deezed6478
@deezed6478 5 ай бұрын
@@thabangletsoaloa lot of people can’t afford university to open up the door to opportunities that would make them happy, but also most people find a job that pays the bills and not something that fills their soul. Even if people love their job there are only so many hours left in a day to spend time with family and friends, plus vacation time can make it difficult to travel, relax, explore, and spend time with loved ones.
@thabangletsoalo
@thabangletsoalo 5 ай бұрын
@@deezed6478 The first part of what you said makes sense however my viewpoint is not related to happiness in any part instead I was attempting to address the "time" aspect of the main comment. Day to day it might be difficult to have time to spend with loved ones however vacation time might be a chance to use to spend time with loves ones. Lastly, one definitely will not have time to do everything in life which is the unfortunate consequence of the finite lives we have. I would suggest that one makes peace with this, acknowledges that there is no time to do everything and only then chooses what they can do with their "free" time. No one has time to do everything.
@tonystewart7624
@tonystewart7624 5 ай бұрын
@@thabangletsoalo Absolutely that should be the ideal situation. I can say from experience that currently trying to attend college and work to just barely survive is extremely difficult. It does not guarantee either that I will be able to obtain a better paying job once I'm done. The problem is the greed of the world taking from the poor without regard. I understand the principles of making a product in return for profit but the current level of inflation is very devastating to the lower income families of today. I also feel that is a major driver in the growing divide between rich and poor.
@chillabrew_glycolinstall
@chillabrew_glycolinstall 5 ай бұрын
You gotta love when a lady who's clearly already retired tries to convince you working past her age isn't a bad thing 😪
@phranne1234
@phranne1234 5 ай бұрын
She's not retired. She's a professor doing the work she loves. Not a hard concept for anyone paying attention.
@chillabrew_glycolinstall
@chillabrew_glycolinstall 5 ай бұрын
@@phranne1234 You can retire and still be a professor...
@phranne1234
@phranne1234 5 ай бұрын
So you can retire and still work then. Hmmm. @@chillabrew_glycolinstall
@my.names.robb.with.two.bs1
@my.names.robb.with.two.bs1 5 ай бұрын
"retire" just means you are collecting social security or 401k or Roth IRA. It doesn't necessarily mean you have stopped working or can stop working. And many people who don't need to work for money work for charities.
@burazfly
@burazfly 5 ай бұрын
That is, if you plan to work as a labourer your entire life. That's not gonna happen. These jobs will be automated mostly in a very short time period. I think system admin jobs will be mostly present. People running machines remotely or surveying sites and occasionally manually recenter machines in case of errors. So my advice is to learn things the alpha generation will be good at. Technological intuitive jobs.
@tjmozdzen
@tjmozdzen 5 ай бұрын
I quit my day job at 51 and went back to school for a Phd. Now I'm working half time on science projects that I consider fun and a hobby. I can't really call that working, but I'm engaged in something I choose for reasons other than money.
@tylerjames7449
@tylerjames7449 5 ай бұрын
Do you believe this path is possible for everybody? Honest question
@Mediumdoo
@Mediumdoo 5 ай бұрын
Absolutely not going to happen for most people
@tjmozdzen
@tjmozdzen 5 ай бұрын
@@tylerjames7449 Definitely not, but available to many more people who don't realize it (in my limited sample size of the people I know - so definitely not valid for a general comment).
@BinaryBlueBull
@BinaryBlueBull 5 ай бұрын
​@@tylerjames7449 Of course not. Merely speaking intellectually here, the average IQ in, for instance, the USA is 97. And yes, I know IQ is an inaccurate and incomplete measure of intelligence but I think we can safely say that 97 is not enough for a PhD, barring exceptions of course. Now because this is the average, naturally half of the population is below that. So that alone makes it so that the majority of people will not be able to attain a PhD even if the education was free. And as already alluded to in that last part, this isn't even taking into account the financial and temporal requirements to attain a PhD. So I think it's safe to say that it is impossible for the vast majority of any country. That is, unless some types of PhDs are easily obtained which I guess is possible, but I doubt it and it would be quite worthless if it was. Even "just" a college education will be unattainable for a lot of people If you're merely talking about whether going back to school for any sort of education is possible for everybody, that depends entirely on the type, cost, duration and difficulty of the education in question of course. I can imagine the answer varying dramatically depending on those factors
@CedricJustice
@CedricJustice 3 ай бұрын
Are you able to scrabble together a living and cover your expenses with this? If so, bravo!!
@d.e.b.b5788
@d.e.b.b5788 5 ай бұрын
For those of us with physical jobs that wore out our bodies and have left us unable to acquire any jobs that we are still able to do, it IS bad news. It is why the 62 year old retirement age is appropriate for workers with physical jobs, and I get really sick and tired of hearing office queens who sit on their butts all their lives, saying that everyone should continue to work for the rest of their lives, often in pain because of our body's parts being worn out. Spinal deterioration, chronic nerve pain, worn out hips, knees, ankles shoulders, and hands leave us nothing but being a walmart greeter as a late life job, if we are still lucky enough to be able to stand up straight for 8 hours a day.
@funknick
@funknick 5 ай бұрын
When she introduced herself as a "professor of management practice at the London Business School and founder of HSM Advisory" my brain dismissed their opinions for the same reasons you have stated. I immediately thought, "here we go again, another 50+ year old business guru who wants to spin the narrative that everyone should just keep working forever". I'm sure this narrative goes over great at cocktail parties with all the other white collar business folks running spreadsheets and market projections to minimize salaries and maximize efficiencies for share holders, but it's a load of bull for anyone working a blue collar job who is often run down into the ground before they hit 45. People can't do warehouse work 30 years and come out the other end a spring chicken. There is no physio and late age health retreat that will cure a chronic spinal injury from hauling crap from A to B for 12 hour shifts 5-7 days a week. These business folks just don't frigging get it. They may want people to work longer, and I'm sure it looks great on their spreadsheets for the corporate entities they represent, but it's total hogwash in reality. As usual, the aspiring dreams of a desk-chair business analyst are once again completely out to lunch on the reality of the average working individual.
@scientistMUC79
@scientistMUC79 5 ай бұрын
She literally talks about "working in the office" and later about "knowledge work".
@funknick
@funknick 5 ай бұрын
@@scientistMUC79 There are not enough office jobs and knowledge work available for this. The aging population is real and seniors out number the youth in our population. There simply isn't enough of this work you speak of to go around. Also, it's harder than ever to skill up academically as the economy declines. How is someone who grew up poor, worked a warehouse their whole life, and then is tired, chronically injured, and old going to take that message? A corporation just exploited their body for profit for 30+ years and now you want them to somehow have the willpower and money to up skill and switch careers? This isn't going to happen. My friends are trying to do this before they get old. It is incredibly difficult to do so and also take care of your loved ones. No, this is once again just the elites spinning a narrative that exploits the poor and uneducated for more and more profit.
@djkoch65
@djkoch65 5 ай бұрын
Plus…even without physical jobs. Everything deteriorates…muscle, bones, joints, skin, brain, etc. oh and the stigma of keeping older workers on the payroll when they can bring in cheaper labor.
@abstract5249
@abstract5249 5 ай бұрын
I hate how the U.S. declared the pandemic over and companies require us to go back to work after only 5 days of covid infection. I'm still coughing and suffering from headaches, bodyaches, and tiredness. Let us rest. Please.
@Plantandpeoplecarer
@Plantandpeoplecarer 5 ай бұрын
As a nurse I’m telling you 80 percent of jobs/careeres cannot be performed effectively if you are over 70 years old! The hospitals are FILLED with people from this age bracket on with more complexities than we’ve ever seen before! So not sure how we can support ourselves without a higher than average universal income!
@romandenisov7195
@romandenisov7195 5 ай бұрын
Yes, current pension is expensive lottery, why are tax payers obligated to play it? UBI should replace pension and cost no more than life insurance so that best strategy is to be sustainable enough to not need it ever, but still get it if unable to sustain.
@dipro001
@dipro001 5 ай бұрын
Yeah this video just read like a propaganda way of telling young people that they will never have any job security, hopes of retirement, or even a comfortable death with family around them.
@rickyayy
@rickyayy 5 ай бұрын
Wow Andrew Yang was on to something years later the masses are calling for UBI
@patman2193
@patman2193 5 ай бұрын
That sounds like a biased sample size to me. Bcuz aren't the "healthy" 70 year olds ..... not..... at the hospital. I know numerous 70 yr olds doing quite well.
@ehanson6537
@ehanson6537 5 ай бұрын
3, 70 year olds I know. ONe just had two surgeries in one eye, the other had a knee surgery last year and is due another as it is still not right and the other is dealing with cancer, he is 79. We'll be working till we are broken in her view. But a massive flaw with it. Robotics and AI will actually allow people to do other things and likely not need a labour force full of oldies. There will be a transition period but likely will go this way.
@lozanojavier
@lozanojavier 5 ай бұрын
Examining retirement purely from an economic standpoint obscures the significant influence of consumerism on our mental health, financial stability, and the desire for a debt-free retirement tailored to each individual's optimal age. Ultimately, retirement is about freedom, a concept that holds different meanings for each person.
@mraso30
@mraso30 5 ай бұрын
Not to mention that literally anyone who has ever worked with somebody over the age of 65 KNOWS that they are the least productive, most cringey co-workers in the company. Don't care who you are, if you're over 65, you are probably 50% less effective at your job than you were in your 30s and 40s. You don't realize it, and everyone around you is simply being polite about it so it is rarely if ever mentioned to you directly... But you do suck at your job now, and everyone is just waiting for the day you retire so they can get some fresh blood in your position.
@lalakuma9
@lalakuma9 5 ай бұрын
No. We can't let people like her speak for us. Most of us just work to live. The point of retirement is to actually spend time doing things we truly enjoy.
@Dontstopbelievingman
@Dontstopbelievingman 5 ай бұрын
That dream has been gone for at least two decades. With the cost of housing eating all disposable income, the cost of living so high that retirement is synonymous with poverty, and employers ever more reluctant to employee older, disabled or unwell people, we are f$&$d unless there is a cushion of inheritance, savings that haven't been ravaged by illness, divorce or another large life event, or some miraculous fortune like being a psycho crypto bro or a pro fortnite player. Most people are staring down 30-40 years of bare minimum financial support at the most vulnerable end of their lives.
@denizkacan8007
@denizkacan8007 4 ай бұрын
​@@Dontstopbelievingman This is definitely the situation in my country right now, but I did not know it is actually the case for the whole world now.
@vootshiclone5989
@vootshiclone5989 5 ай бұрын
They are actually thinking people will believe this...
@glens18account
@glens18account 5 ай бұрын
you've had purchase power decreasing over the past 30 years, which explains retirement needing to be pushed back despite countries being richer than ever, it also explains people not being able to afford to start a family. The fact the job market now requires constant education to keep up with technology is not a benefit like a holiday to a worker lmao. I understand the need to work a little longer if we live a little longer on average, however considering the world is much richer than it was 40 years ago, it is a bit of a slap on the face that for the bottom 40% in the UK life has become financially more difficult.
@BinaryBlueBull
@BinaryBlueBull 5 ай бұрын
Yep. That's what dramatically increasing wealth disparity within a society will do. It will only get worse, as more wealth is concentrated under(*) less and less people. If we do not stop it increasing further, we will end up with modern feudalism. And this is coming from someone who finds himself in the upper middle class and can still live comfortable without financial worry, at least for now. I worry for the future and what it will look like (*) I use "under" here because they are like the dragons of myth, sitting on top of their heaps of gold, spitting flames at anyone who dares to come too close, though apart from possessing it and sitting on it they're not actually doing anything with the vast majority of that gold
@phlpphrr1742
@phlpphrr1742 5 ай бұрын
Yes to staying active economically past 60 if you want and can (physically and mentally). No to staying employed past 60. Retirement is needed to make room for younger generations to access the workplace and bring fresh ideas (I’m looking at you politicians).
@chad9971
@chad9971 5 ай бұрын
Amen to that brother
@EllaSqueaks
@EllaSqueaks 5 ай бұрын
The sound of capitalism.
@words007
@words007 5 ай бұрын
Got to love this retired lady telling others your gonna work longer then i did, in a world that changes every 5 years or before and yes AI is gonna f your more sideways 😅. Personally glad I'll inherit my fathers properties to rent out by then.
@rafaeldegiacomoaraujo8778
@rafaeldegiacomoaraujo8778 5 ай бұрын
She is am urban corporative narrow minded thinker. While ignoring that the true creator of wealth is the labourer. I hope to a builder working until they are 70yo. The builders I see everyday in my practice have been worn by the decades of work by the age of 60.
@spacemonkey9000
@spacemonkey9000 5 ай бұрын
​@@words007lucky guy
@chadryan9077
@chadryan9077 5 ай бұрын
@@spacemonkey9000lmao, my first thought also
@my.names.robb.with.two.bs1
@my.names.robb.with.two.bs1 5 ай бұрын
America is the world's center for technological advancement which has made all our lives better so we can complain about better quality problems than even our parents were able to. Soon we will be colonizing space and vacationing on earth as life quality improves through the roof. All thanks to capitalism. No other economic system has made such leaps because they are incapable of it. I'd rather have the problems of working 40 hours a week producing value that will help 1000s in my community rather than living on a farm as a peasant under a lord that takes everything from my family so that those of us that survived common yet deadly illness can just starve to death.
@bluebay0
@bluebay0 5 ай бұрын
"You'll work till you die and you'll be happy."
@beecee921
@beecee921 5 ай бұрын
Baloney. Planning well, executing that plan and retiring in your 60s is wonderful. The freedom to do as you please is liberating. If you want to work into your 70s and beyond - that’s great. But for me living longer in good health means more years of freedom!
@LordinBlack
@LordinBlack 5 ай бұрын
I agree 100% with what you said.
@tylerjames7449
@tylerjames7449 5 ай бұрын
Do you think that a well-planned retirement at 60/65 is possible for everybody, or even a majority of people? Honest question.
@beecee921
@beecee921 5 ай бұрын
Maybe yes maybe no. It depends on their ability to earn enough $, plan and stick to the plan….and whether they have no major setbacks like health issues, etc. It is probably a major challenge for most people. @@tylerjames7449
@annunacky4463
@annunacky4463 5 ай бұрын
We both went to college, got good paying jobs and sent our kids to college. They make good money and are savers like we were. Maybe they can retire early like we did at 57 and 62. Having said all that, we had built in advantages that I cannot defend nor deny. I was born a white male in the USA, not well off but I know my path was much easier than if I were of color, or born in another country that was not wealthy. Generational disadvantages IMO make a huge impact of how sections of society progress towards the ‘ dream’. All children need a family of some sort, and instruction with love. Not all can get that. I was blessed.
@ShimonYaqulu
@ShimonYaqulu 2 ай бұрын
In China, the median age of retirement is 54.
@Soundsaboutright42
@Soundsaboutright42 5 ай бұрын
Just can't imagine we're all put here to work for someone else to make them richer. Crazy we keep doing it
@vishadjain2477
@vishadjain2477 5 ай бұрын
This is such pessimistic and twisted view half of the world has. Everyone got a choice to work for themselves. You are also getting richer by working for them.
@vaughnbellwood4605
@vaughnbellwood4605 5 ай бұрын
@@vishadjain2477 Umm, no. It's a realistic view of how the world is, whereas your view is just BS wishful thinking that doesn't reflect reality.
@denizkacan8007
@denizkacan8007 4 ай бұрын
​@@vishadjain2477No, most of humanity is not working for themselves in any way at all. In order to be able to keep living, they spend their life to make a company get more profit. Imagine spending your limited time in this universe on how to sell refrigerators more efficiently. If someone's ultimate life goal is this, i respect that. But most have to do this just to stay alive. That is why I hate capitalism. You don't need to exchange your time for being able to live. You should have the right to live anyways!
@nati7728
@nati7728 2 ай бұрын
your view is that of a person with no self respect or class consciousness. this lady would love for all people to work well into their old age, because when they work they make money for her company. We are human beings not mules! It is the exact opposite of a pessimistic, twisted world view to truly believe that with your heart @@vishadjain2477
@bernstock
@bernstock 5 ай бұрын
Number one regret on people’s deathbeds: I worked too much
@BunnyLops
@BunnyLops 5 ай бұрын
As if we work for 40 years non-stop because we love that more than taking time of to be with our loved ones! Easy for her to say who doesn't do physical labour! I would love to see her reschool as a carpenter, bulding houses at 80 year old!
@rafaeldegiacomoaraujo8778
@rafaeldegiacomoaraujo8778 5 ай бұрын
This lady is high on corporative cocaine
@burazfly
@burazfly 5 ай бұрын
You won't do that anymore in the near future. Did you see there is a brick laying machine already being tested for production. Pretty amazing machine. The question is, can you find bricklayers, or is it easier to find a bricklaying machine administrator? As the lady said in video, every year, you will have to upskill and upgrade education. 3 stages of life is over. Everything is education. Instead of 6 kids, we maybe have 2. They will need to work and know for those 6 to close the gap just to keep lights running. Only way to do it is to master technology
@adsonmettler3046
@adsonmettler3046 5 ай бұрын
Yeah brother, that's because academics are out of the real world for many years that they lose sense of reality..
@Anonymous-rj2lk
@Anonymous-rj2lk 5 ай бұрын
Just checked this, she is part of the WEF.
@lucasdegoes
@lucasdegoes 5 ай бұрын
Of course she is. I was a little confused on why she didn’t actually give a good reason on why we won’t retire on our 60s. It’s cause she is, but not normal people like us. There goes the WEF trying to push their “you will own nothing and be grateful for it” garbage “stakeholder” capitalism.
@ryanpoulter6286
@ryanpoulter6286 5 ай бұрын
@@lucasdegoes Not saying the WEF is all roses and rainbows, but there's some real advantages to stakeholder capitalism compared to the neoliberal shareholder-first capitalism. Also the “you will own nothing and be grateful for it” was talking about the rise of subscription services. Anyhow, this lady is either trying to encourage everyone to work till they die, or she's high as fuck because she completely ignored the growing wealth inequality of the last 40 years.
@Anonymous-rj2lk
@Anonymous-rj2lk 5 ай бұрын
@@ryanpoulter6286 thats what happens with very rich people that are also very disconnected from reality, they remind me of that girl who tried to solve homelessness by telling homeless people to "just buy a house".
@Anonymous-rj2lk
@Anonymous-rj2lk 5 ай бұрын
​@@lucasdegoes yeah, they push the great reset, we answer with the GREAT RESIST.
@IamSpacedad
@IamSpacedad 2 ай бұрын
Of course.
@HeroGuy3
@HeroGuy3 5 ай бұрын
Great idea! Now sell it to the employers so I can actually do what you're saying. If I go on holiday for a year I'm not pausing my career, it won't be where I left it when I get back, if I even still have a job by the end. If you tell any employer you want a 1 year unpaid vacation they will tell you it will also cost you your job. This is a hard sell for employees and an even harder sell for employers. Utter delusion
@AddictOfLearning
@AddictOfLearning 5 ай бұрын
This is exactly the same thought I had. So easy for a person already financially set telling people that they can take a year off at 30 to travel the world. Who at that age is being paid enough to save enough money to do this and not worrying about having a job when they get back...
@salmanban05
@salmanban05 5 ай бұрын
Work from home is a net benefit in the long run not just for the employers and employees, but also for the environment. Which is why our corporate leadership has welcomed the idea with open arms, paving the way for a better future. I'm sure they'll be just as happy to accommodate your need for self-discovery with a year long break. /s (In case it wasn't obvious)
@rolliebca
@rolliebca 5 ай бұрын
@@salmanban05 Haahaahaaa, so funny!
@dstigers6140
@dstigers6140 5 ай бұрын
I worked for a fortune fifty company that allowed one year sabbaticals. I worked closely with two people who took them. I've taken time off after leaving a decade-long position before starting my next position as a contractor.
@evaldaszmitra7322
@evaldaszmitra7322 5 ай бұрын
I love paying 40% taxes and 20% vat all my life to support an aging population and when it is my turn I don't get to retire. Maybe also don't take my money in the form of taxes so I can at least save up?
@romandenisov7195
@romandenisov7195 5 ай бұрын
Yes, this! Taxes must be justified by necessary services provided to tax payer, retirement investment must be optional. Beyond some small insurance that could guarantee food and shelter for poor-and-unable-to-work circumstances, why should pension tax be a requirement? There may be professions that people want to retire from, just like there may be professions people choose for life long or at retirement age. What's the point of sacrificing level of life at younger years for promise of better income after 70? Is comfortable life less needed before 70?
@adrianbn
@adrianbn 5 ай бұрын
I LOVE how she says we're living longer so retiring at 60 is just not going to work. No explanations or reasons given other than because she says so. 😂
@Pclub4ever
@Pclub4ever 5 ай бұрын
Probably because you can't live off of your retirement money for 40 years if your life expectancy is 100 years, for example.
@adrianbn
@adrianbn 5 ай бұрын
@@Pclub4ever I disagree. With a decent amount of capital / savings you can withdraw 4% or less and virtually not run out of money ever. Want to play safe? Get enough to only live on 2% per year.
@Pclub4ever
@Pclub4ever 5 ай бұрын
@@adrianbn You're extremely delusional. You'd need about a minimum of 2,000,000 dollars for that to be true. $2,000,000 * 4% = $80,000. And after capital gains tax of 30%, you're only left with $56,000 per year. To have a net worth of 2,000,000 isn't "decent" it's a fucking lot. You'd need to work a very high paying job and invest a lot of your salary to accumulate that much money. How in the world does it make sense to study that much to even get that high paying job, work your ass off in that hard job, only to live off of $56,000 a year again? It doesn't make sense.
@markwpatterson
@markwpatterson 5 ай бұрын
I just completely disagree. NOT having a rigid schedule, NOT having to get on an LA freeway, NOT having to report to incompetent people, HAVING plenty of $$$ coming in every month to pay bills & maintain a very comfortable lifestyle....HAVING time to work on all sorts of FUN projects that I did NOT have time to work on when I was working......from age 50 on........is INDESCRIBABLY wonderful. End.
@deeply3739
@deeply3739 5 ай бұрын
you have to watch till the end dude
@willzarke
@willzarke 5 ай бұрын
yeah you probably have to watch the whole thing.
@markwpatterson
@markwpatterson 5 ай бұрын
My 'attention span' on youtube has been shortened to that of a SQUIRREL thanks in no small part to these stupid youtube, "SHORTS". I need to STOP watching them! Wouldn't hurt if youtube 'creators' would take into consideration that because there are SO MANY videos on youtube, being CONCISE & TO THE POINT up front, might help increase their chances that someone will 'watch their videos until the END'. Just my 'professional' thoughts. :) @@deeply3739
@jamesigoe
@jamesigoe 5 ай бұрын
No politicians are saying people can retire at 60. Some of us can, because of success, family, and luck, and would rather do so. Working into old age works for people at higher levels, where they can derive a good deal of money and happiness, but for most people, work does not provide such great benefits.
@Introverted_goblin_
@Introverted_goblin_ 5 ай бұрын
The second I can retire and not worry about the bills I have, I will. This is just capitalists trying to squeeze more labor out of us working chaff before we're useless.
@my.names.robb.with.two.bs1
@my.names.robb.with.two.bs1 5 ай бұрын
The second you can retire and do stop working is the second the clock starts ticking to your untimely death. We aren't built to do nothing or to just focus on self. We are built to do good to better other people's lives. The moment we stop doing that is the moment our bodies start shutting down because we evolutionarily have fulfilled our purpose in life and are no longer needed. Don't die, dude.
@Introverted_goblin_
@Introverted_goblin_ 5 ай бұрын
@my.names.robb.with.two.bs1 retiring and doing nothing are not the same. With the time not spent working at a job, I can pursue hobbies I didn't have space for. None of my jobs have ever been fulfilling. They are merely a means to an end.
@my.names.robb.with.two.bs1
@my.names.robb.with.two.bs1 5 ай бұрын
Every job is as fulfilling as you perceive it to be. I worked as a dish washer at one job and loved it. Everyone around me was miserable. It was the same job. The difference was their perspective. I saw the good I was producing for my community. And when I went to another restaurant to eat so I didn't have to cook at home I appreciated the good that they all were producing for me. We are all scratching each other's backs. That's why we're making money. But we have to mentally recognize that fact or we will be miserable. And it's not the job's fault and it's not capitalism's fault, it's our fault for not taking responsibility for our thoughts. And we can do our hobbies now if we get our mind right and stop being negative about life. If we are negative now we will be negative when we retire and hate it all and then we'll die because the negativity will overwhelm our body and shut our systems down with disease. Improving the lives of others is a GOOD thing not a bad thing.
@breal7277
@breal7277 5 ай бұрын
Yep! They're trying to brainwash us into thinking late retirement is a necessity, especially in countries with low birthrates. Someone's got to make the rich richer.
@ajv8935
@ajv8935 5 ай бұрын
You seem to be so kind and so misguided at the same time, my heart and love goes out to you. Please believe me when I say this, and I will go to my grave believing it. Nationalism and economics are (or at least, have become) a cancer on Humanity@@my.names.robb.with.two.bs1 Down with capital.
@nerd26373
@nerd26373 5 ай бұрын
Retirement isn't all that bad as anyone would ever assume it to be. I've seen people actually enjoying their departure from the corporate work and welcome brand new opportunities.
@Praisethesunson
@Praisethesunson 5 ай бұрын
That's bad for the profits the already wealthy own. Get back to work
@my.names.robb.with.two.bs1
@my.names.robb.with.two.bs1 5 ай бұрын
"brand new opportunities" is code for "more work." That's what retirement is about. You stop HAVING to work so then you can work in your area of choice because you WANT to. Improving people's lives is the meaning of life. We should seek to do it to the day we die.
@YeamanME
@YeamanME 5 ай бұрын
WOW, where is the personal economics in this discussion?...who is going to pay for all these multi-stages?!
@Praisethesunson
@Praisethesunson 5 ай бұрын
Just tap into your family trust like her you plebes
@tylerjames7449
@tylerjames7449 5 ай бұрын
Yea, and who has the energy to float in and out of careers, and to navigate all the uncertainty that goes along with it?
@santosteffano
@santosteffano 5 ай бұрын
How about let's not take the concept of a longer life span to also mean we should work longer. She's right that the economics aren't there though.
@ajv8935
@ajv8935 5 ай бұрын
Right, it is like economic-worshipping folks are so stumped as to how to spend their free-time that existence without a vocation is suffering. Why would one ever think that a person who is incapable of enjoying life without being told what to do is in a position to share any sort of "wisdom"? Work does not set you free, information does. Work just gives you the tools of self-diminishment and money, two incredibly useful tools to survive this dystopian hellhole. Economics is an ideology masquerading as a science." -Herman Daly, senior economist for the World Bank
@Teffi_Club
@Teffi_Club 5 ай бұрын
OK, sounds interesting. Where is the plan? The professor resides in London so it will not work for Americans. Our medical insurance tight up with the job. Part-time means no medical benefits.
@DA-bm2mj
@DA-bm2mj 5 ай бұрын
So who's gonna pay for your retirement then?
@my.names.robb.with.two.bs1
@my.names.robb.with.two.bs1 5 ай бұрын
How can you enjoy life if you do nothing to better the lives of those around you. That's literally the purpose of work, to produce value for others that will benefit their lives. After we have served others then we can properly enjoy the joys of entertainment and recreation and socializing and hobbies. Without serving others we are adrift at sea and will find ourselves questioning why life feels so meaningless.
@ajv8935
@ajv8935 5 ай бұрын
What if the meaning of work has been replaced? What if there is technology being held back to consolidate power, wealth and energy generation capabilities? What if the social democracies of the world and plans to nationalize many industries around the world came under violent attack from those who directly stand to benefit from strengthening the pillars of capitalism? What if we lived in artificial scarcity? What is homelessness and child poverty are avoidable, but we suffer through it so we can tell ourselves stories about how amazing we are because we contribute to the community? Honestly much love to you Brother, but you must understand you are throwing your intellectual empathy behind a facade.@@my.names.robb.with.two.bs1
@notKhalid
@notKhalid 5 ай бұрын
bro i can see the like/dislike ratio on this thru extension and it's........lets just not talk about it😶‍🌫
@tylerjames7449
@tylerjames7449 5 ай бұрын
You need “more of a sense of yourself” to pick up at 30 and travel the world? Um, it’s much more about money than sense of self. This is the 100 year life of the creative class, not the general laborer.
@anonymoose-oUd2fcf
@anonymoose-oUd2fcf 5 ай бұрын
From Wikipedia: "Gratton is a Fellow of the World Economic Forum and has chaired the WEF Council on Leadership. She chairs the Drucker prize panel and is on the governing body of London Business School. She continues to work with many of the world's biggest companies, including Vodafone, Shell and Unilever. She was for many years the judging panel of the Financial Times and Goldman Sachs Business Book of the Year Award. Her book The 100-Year Life: Living and Working in an Age of Longevity was shortlisted for the 2016 Financial Times and McKinsey Business Book of the Year Award."
@enatp6448
@enatp6448 5 ай бұрын
Nuf said....
@13xBlackSun
@13xBlackSun 5 ай бұрын
So I’m going to do 360 snowboard backflips and schooling at 60 and someone is going to pay for all that… riiiight…let’s not ditch the idea of late retirement and role in an idea of shorter workweek, employ more young people and also get more freetime to enjoy life and stay healthy.
@tylerjames7449
@tylerjames7449 5 ай бұрын
Right? Lol
@sam85f
@sam85f 5 ай бұрын
100%! Her whole idea is repackaged hustle culture. “Burn yourself out, so you can take time to ‘recharge’ for your next unnecessary stint supporting some other billionaire.” And by the way work longer so you can support my generations retirement. Forget the promises we made to you.. The underlying narcissism is too much.
@scottbruce9872
@scottbruce9872 5 ай бұрын
There is a balance. Save some play some. My dad said once you hit 50 you really start to think about retirement.
@brettkeller
@brettkeller 5 ай бұрын
“Make your work fun” we don’t control that
@apriljohnson6191
@apriljohnson6191 5 ай бұрын
We need to, as a society redefine what work is. I'd love to see older people be in "advisory positions" and/or not have to work the full 50-70 hours. We shouldn't have a retirement/no retirement but a sliding retirement scale, depending on health and age. There are people fall into the chasm that lies between full time work and retirement who either injure themselves to survive as full time workers or work full time to get declared themselves as needing public assistance. If people were on say quarter or half retirement, and could work till 70 or 75 we can get more productivity to society and good health to the person who is working. I know I am talking about a pipe dream, but it would be nice if governments think about that (and probably come up with better names than "half retired".)
@nicolasm400
@nicolasm400 5 ай бұрын
democratize the enterprise
@FoxMacLeod2501
@FoxMacLeod2501 5 ай бұрын
It's like "school," "education," or even the general idea of "learning" - alongside the myriad activities under the umbrella of the term "work." Sadly, we're★ conditioned by our experiences to assume a state of trepidation and aversion to everything within those categories. Everything new or unfamiliar, if it's "work" or "school" or "educational," far too many of us default to an adversarial sort of position, like a "how can I get out of having to do this" or "well, there go my chances of doing anything enjoyable with this time." It's understandable, reasonable - rational, even - given the wretched representations we get of gainful employment and formal scholastic education. We see ourselves as part of this or that bunch of people, expending endless quantities of time and effort on things that, increasingly clearly, are either pointless (years wasted memorizing trivia instead of learning useful life skills , self-defeating (rules from Corporate HQ, enacted by some clueless absentee exec), or simply in service of enriching some unethical or corrupt individuals (working in a gov't agency, ostensibly enforcing laws that the wealthiest corporations see no repurcussions for utterly ignoring, as the violations are so profitable as to effectively bribe their way completely around the whole arrangement of checks and balances. Heck, after you boil it all down, it seems like nearly _all_ the stuff we do is just running in some hamster wheel, occupying our time and keeping focus away from the criminals play-acting as upstanding heads of state, business, and culture. Just allowing, or worse, _assisting_ the perpetuation of some scheme or some loophole, devised or exploited by people who have figured out that merely shame, reputation, and social pressures may be the only guardrails keeping someone without scruples from exploiting the countless regular, hard-working, play-by-the-rules folks, with their ambitions and goals, and with their families to house and feed (and ideally spend some of life with). We ought to be able, be allowed - be _encouraged_ to learn what we feel good about doing with our time and energy. The better to find ourselves employment in positions that fulfill our deep need to believe we've accomplished something tangible and meaningful with our time and labor, as we look back at the previous week, and when we look back over our quick little lives here. So when "work" sucks so bad, of course we want to get out of there ASAP, and stay out forever after. If, instead, we could each do a low-key version of what we constantly see celebrities doing with their lives, _consistently,_ we wouldworking," in music or movies or whatever, *until the point after which they literally cannot continue.* This is not to say that they don't work, or work hard... it's just obviously so much more enjoyable and so much more fulfilling than fields of "real" work, where absolutely no one would ever find it worthwhile to stay any longer than absolutely necessary. We ought to be able to contribute to society - i.e. to _each other_ - through doing something that doesn't sap our will to live, but fulfills us, and leaves us _at worst_ with the knowledge that we accomplished something. Instead of how it _is,_ where we *know* we're being worked into sickness and death, labored into undue suffering, unfulfilling lives, and our own early graves. And we can *see* the spaceship-level wealthy individuals hoarding their proceeds from making each and every _other_ individual life worse, pulling some part of their heaped trillions from the pockets and paychecks of each and every one of us. But as it stands, we're simply kept too exhausted, from desperately trying to get above water and survive. So beaten down and exploited, we dream not of adventures and of fantastical future worlds, but we straight-up _fantasize_ about merely not being quite so saturated as we are with the constant, underlying worry, fear and dread, baked into us, from whole _lives_ lived without knowing financial security - aka *any* security. We see it; but we can't stop running on panic adrenaline for more than roughly one consecutive day, without serious risk of ending up in circumstances such that the roof over our heads also has an engine and wheels... ★"we" in the U.S., I mean
@socialmoth4974
@socialmoth4974 5 ай бұрын
This is my goal. I’ll probably not work for a year or two, but will look for a position like this afterwards. My co-worker is retired, but he comes in part time to have something to fill his days, socialize and keep his mind sharp.
@ramonangulo6360
@ramonangulo6360 2 ай бұрын
You guys are just speedrunning the guillotine at this point
@studgerbil9081
@studgerbil9081 5 ай бұрын
Neither of my parents ever retired. My wife and I are in our mid-60s and only just semi-retired last year. One inaccuracy to point out: the average lifespan in the US dropped over the last three years, no doubt due to Covid. Of course, the economic changes in the same period have been dramatic. I cannot see many people retiring before 70 (if ever) after this.
@epicphailure88
@epicphailure88 5 ай бұрын
Most human welfare stats have declined during the neoliberal era (mid 70s) in the US.
@davidroush1224
@davidroush1224 5 ай бұрын
Note that was across all age groups and included many younger deaths, including suicides and overdoses which are up. But for those who were already in their 60s, expected lifespans increased.
@Crunch104
@Crunch104 5 ай бұрын
This is all good and positive thinking, but practically, some of us are barely getting by. What do I want out of life? To not starve and have a home over my head. Not all of us can work jobs we love. I don't think the person breaking their body at work everyday in a tough job is working till their 80.
@rolliebca
@rolliebca 5 ай бұрын
Crunch104 - I think you are being too conservative, it's not that "some" of us are barely getting by, it's "MOST" of us are barely getting by.
@angekfire
@angekfire 5 ай бұрын
Not even just that, but she's advocating for building the life you want where you can take a year off and travel the world or go down to part time or freelance to re-prioritize. And that's great in theory, but if you're living paycheck to paycheck, how do you take that year off? How do you go down to part time when that means not being able to cover your rent? Like yea, if everyone had the same opportunity to do that, then absolutely. But telling people who can't do that, that working until you're 70+ is a good thing actually, is just not it.
@quintessenceSL
@quintessenceSL 5 ай бұрын
So is BT going exclusively into ownership class propaganda now? Part not mention is standard ageism not to mention reduced capacity compared to the expertise developed over 20 years of practice. Look at the store greeters. Are they living their best life? Strangely enough, it's not the employees that get to "redesign work".
@AbrasiveTea
@AbrasiveTea 2 ай бұрын
This person is making the best case for Mao
@diplomatamaravilhosa2813
@diplomatamaravilhosa2813 5 ай бұрын
It’s so odd that technology has evolved so much resulting in a higher productivity and still we got to work long hours in a day and until we are 100 years old…
@LarissaVeloso-Planttubber
@LarissaVeloso-Planttubber 5 ай бұрын
My dad retired at 48 and then enrolled in law school. By 55 he started his second career as a lawyer. He ended up retiring again and now at 75 he spends most of his time learning different languages just for the fun of it. =) Thanks for this. This is the first video in which I've seen a positive perspective in this we're-never-retiring scenario, and it makes a lot of sense.
@ForAnAngel
@ForAnAngel 5 ай бұрын
I'm not even going to wait until my 60's. I've been saving for retirement since I was 20. My mother and 2 of my uncles died in their 50's. I don't want to work until the day I die.
@tylerjames7449
@tylerjames7449 5 ай бұрын
I could read the comments on this video all day lol
@KaiseruSoze
@KaiseruSoze 5 ай бұрын
Great idea but... Knowledge and skills have a shelf life. This is particularly true with science and technology. We forget and the fields advance while we take vacations.
@TURTL05
@TURTL05 5 ай бұрын
We need to consider the concepts of “billionaires” as a unethical concept and redistribute that hoarding of wealth.
@tylerjames7449
@tylerjames7449 5 ай бұрын
100%. I would even argue millionaires up to a point. Every single job needs to pay the bills and have a bit left over… and that goes for the entire world… the “first world” needs to wake up and realize how their hoarding negatively affects the rest of the world… we’re living good bc somebody somewhere else is living bad
@juniorphiri2561
@juniorphiri2561 5 ай бұрын
Perfect! Absolutely agreed!
@PVAPlayy
@PVAPlayy 5 ай бұрын
Commies not understanding that wealth isn’t a zero-sum game.
@ajv8935
@ajv8935 5 ай бұрын
@@tylerjames7449 ​Thank you so much for saying this. Honestly close to tears. My entire life, have been trying to get people to understand this and all it has gotten me is insults and condemnation. Thank you Father, please let everyone wake up to our Human family. Why does everyone desire to be rich when the implication is that others will be poor in comparison. We should all desire an equitable society. Thank you so much, seeing a stranger express this is actually really affecting me. Thank you.
@rafaeldegiacomoaraujo8778
@rafaeldegiacomoaraujo8778 5 ай бұрын
Spot on!
@901Wes
@901Wes 5 ай бұрын
I don’t think the human mind has evolved to work 90 years instead of 65…
@bravo6310
@bravo6310 5 ай бұрын
I have no problem with working longer, but the problem is that we’re not using the technology to make work easier and having more affordable and abundant life in our later years
@Taipan303
@Taipan303 5 ай бұрын
FIRE movement going in the opposite direction. Quit my last job 2 years ago at 43 and life has never been better, family is more important. 65 was already too long to wait. Ps if I had a job I would've never had time to enjoy KZfaq!
@iceman18211
@iceman18211 5 ай бұрын
100% agree, my wife's grandfather retired at 94. When he could no longer walk to work. I'm not going to going to stop working.
@jimdavis5230
@jimdavis5230 5 ай бұрын
Strange how we are constantly being warned that we consume far too much Alcohol, fat, sugar and salt that will shorten our lives considerably. However, in the next breath we are told that we are living far longer and must wait many years longer for our pension. Someone somewhere is telling us porkies.
@Luis.Barrueta
@Luis.Barrueta 5 ай бұрын
Dr. Gratton is a visionary. I can attest that: She was my professor of Human Resources Management at the London Business School in 1996, and she resulted to have a crystal clear vision about where the job market was going in the future. By reading most of the comments it is clear to me that, like most visionaries, she is just not being understood by most lay people of her time. I invite anyone that is genuinely interested in this topic - and most of us, being workers, should be - to read her book “The 100-year life”, where the ideas expressed in this video are explained in detail.
@cuma212
@cuma212 5 ай бұрын
people are not living longer, the People on your social economic circle is living longer
@bluebay0
@bluebay0 5 ай бұрын
Bingo.
@aprilanderson5587
@aprilanderson5587 5 ай бұрын
This must be for people with a lot more money than I have. I want to work part-time and go skiing. LOL. I'm too busy working full time just trying to pay the bills.
@davecortright
@davecortright 5 ай бұрын
I know it's a short video so it has to have a focused perspective, but the FIRE movement shows that you can "retire" early. The goal for me is to simply separate the cost of basic living from where I choose to place my attentions and efforts.
@davidroush1224
@davidroush1224 5 ай бұрын
Indeed. We retired mid fifties with no money concerns. Our adult children are saving agressivelty to do the same or even retire earlier. Can be done, but it takes focus/dedication.
@brendakmorales
@brendakmorales 5 ай бұрын
I "retired" from teaching in June. I taught for 30 years. The thought of continuing was too exhausting. I miss my students, but it was the right move. I am not done working, though. I took over administrative things for my husband's small business and I'm creating something of my own. I would love to not work at all, but my pension isn't that good. That being said, it is worth it to consider other skills you have in case your job is too exhausting. Sometimes, taking a break from work is changing up what you do. I know it's not always possible, but it can be in a lot of cases. I forgot to add that the idea of being forced to work into my 70s is awful. It could be an option if you choose, but not a requirement. Clearly, something in our economy needs to change so that people don't exhaust themselves from work. Or feel they have to keep working far longer than they want to.
@user-um6up4ox9d
@user-um6up4ox9d 5 ай бұрын
Words my father told me that have shaped my attitude toward employment, work to live, don't live to work. Try to get enjoyment out of whatever you do, but at the end of the day, get the bills paid.
@nicholasgoh3526
@nicholasgoh3526 5 ай бұрын
I was the caregiver of my poor brother who was looking forward to his retirement but died of pancreatic cancer at the age of 59 - the same King of Cancer that killed the ultra rich Steve Jobs. Events like this change the way you see the world and the way you live your life forever. Stop planning for the imaginary stages in your life and start living your life now - day by day, moment by moment because that’s all you got. As long as you take care of your health and keep your burn rate low, you will be fine.
@Anonymous-rj2lk
@Anonymous-rj2lk 5 ай бұрын
WEF propaganda warning!
@darktower74
@darktower74 5 ай бұрын
I will spend my winter years reading books, watching films, and adding comments to youtube videos much the same as I am spending my autumn years doing so.
@Endrance88
@Endrance88 5 ай бұрын
Good job making sure this channel isnt an echo chamber. I disagree with her so hard and thats a good thing!
@tylerjames7449
@tylerjames7449 5 ай бұрын
Good point
@quintessenceSL
@quintessenceSL 5 ай бұрын
It's not the disagreement, it is the quality of the argument being made. Could have made the argument that working well past retirement age means you will spend more time at the height of your earning power (supposing you don't get fired), allowing more slack in your early years to try new things. Instead we get guru talk divorced from the reality of most working people.
@rodaxel7165
@rodaxel7165 5 ай бұрын
Are we living longer? Or just the people around you? The few select people who have the means to do so?
@Praisethesunson
@Praisethesunson 5 ай бұрын
This ghoulish brit hasn't noticed that life expectancy is going *down* in the U.K and U.S thanks to the very system she treats as some immutable law of nature(capitalism).
@hugoanderkivi
@hugoanderkivi 5 ай бұрын
You can live longer by just changing your diet. Adapt a more species-appropriate diet, and you are doing most of the stuff right.
@JohnColorado3811
@JohnColorado3811 5 ай бұрын
I'm going to go against the grain here, but I was out of work for two years when I turned 50, I had enough money coming in all the time to do what I wanted, but I ended up being really bored. Now I'm back working in a job that is enjoyable enough, I don't plan on retiring as I traveled when I was young, which is the right time to travel.
@ForAnAngel
@ForAnAngel 5 ай бұрын
I don't understand people who say they went back to work after retiring because they were "bored". How hard is it to find a hobby?
@JohnColorado3811
@JohnColorado3811 5 ай бұрын
@@ForAnAngel hobbies didn't work for me, my time was filled up with hobbies as well as the day to day things we all need to do, but after a while my regular hobbies got boring and new ones I took up didn't hold much interest. i'm not saying we should all work into our seventies, but we should have the freedom to choose
@MrBr1ghsid3
@MrBr1ghsid3 5 ай бұрын
I definitely see this outcome for myself, as well. Undeniable, however, that a multistaged approach to living takes a serious chunk out of one's cognitive capacity.
@juliocesarsalazargarcia6872
@juliocesarsalazargarcia6872 5 ай бұрын
Exactly. Trying to reinvent your life every 5 to 10 years requires tremendous cognitive skills and will power, and there is also the risk to fail chosing the right path for you and taking a few precious years to find out that you made a mistake.
@MrBr1ghsid3
@MrBr1ghsid3 5 ай бұрын
@@juliocesarsalazargarcia6872 spot on!
@Geekosification
@Geekosification 5 ай бұрын
It's insanely difficult. It not only takes courage, but it takes time and skill to make those decisions. And you have to do so with a maybe 40 hour work week.
@MC-gj8fg
@MC-gj8fg 5 ай бұрын
"Retire" doesn't necessarily mean to never work again. Retire means sufficiently financially independent that the choice can be made of if or when we work and what we choose to do rather than feel compelled to work with money as the priority. Unless you're a trust fund baby, you can't achieve financial independence by taking long swathes of time off when you're young and your money has the optimal opportunity to compound. This is dangerous advice. I'm not saying that it won't work for some people, but making suggestions like this without acknowledging the issues that could leave many old, broke, and perhaps incapable of working at 70+ even if they wanted to are critical disclaimers.
@bluethundar
@bluethundar 5 ай бұрын
In case you're not aware, life expectancy in the US has dropped in recent years, we are not living to 100, maybe 4% of us will.
@spenarkley
@spenarkley 5 ай бұрын
WEF sponsored propaganda content
@socialmoth4974
@socialmoth4974 5 ай бұрын
I plan to retire at 65 and not work for a year or two. Then, I’ll probably find a low-stress, part-time job to help fill my days and make a little spending cash to help extend my savings.
@Lizamariagriffin
@Lizamariagriffin 5 ай бұрын
*My greatest concern is how to recover from all these economic and global troubles and stay afloat especially with the political power tussle going on in US. The government has really called things more difficult for its citizens, and we can't sit back and bear all the consequences of the bad governance. We need to take our financial life serious….. I recommend stock market investment and digital currencies*
@Susancov
@Susancov 5 ай бұрын
It’s obvious that digital currency (crypto investment) has taken over the world and also stock markets.. Come to think of it … You work for 45yrs to have $400,000 in your retirement, meanwhile some people are putting just $5k in an investment company for just few weeks and now they are multimillionaires after some period of months, all thanks to Mrs Eleanor Nelson for helping I and my family
@LindaNates
@LindaNates 5 ай бұрын
*I'm from Florida 🇺🇸, how can I get in touch with Mrs Eleanor nelson Barnes ?*
@LindaNates
@LindaNates 5 ай бұрын
Am new to this investment, how can I contact her?
@corinneclary4054
@corinneclary4054 5 ай бұрын
This is exactly what I’ve been looking for I will message her right away I want to invest ❤️‍🔥many friends makes lots through brokers
@Frankdonald5
@Frankdonald5 5 ай бұрын
I am from Denver Colorado USA I connected with her and she has helped me a lot,she makes so much profit for me she is a FINRA agent, the best I can invest with so far ever since I came across expert Eleanor Barnes, my bad turned out being good and profitable. She's made success earlier than we thought.
@scottbruce9872
@scottbruce9872 5 ай бұрын
There are a lot of people that like to spend a lot of money on vacations/experiences now and say they want to do when young. See how they feel when they are older. There is a balance.
@bc41
@bc41 5 ай бұрын
I don't understand why all the negative comments.
@bethduffus4598
@bethduffus4598 5 ай бұрын
Don't be taken in peeps. Retirement at 60 is fabulous! How many people want to be dealing with a boss in their 70s?
@scottbruce9872
@scottbruce9872 5 ай бұрын
Retired at 57 and best thing ever. Make sure to eat right and workout.
@MachusPichusAmigo
@MachusPichusAmigo 5 ай бұрын
She‘s not talking about how technological advancements might automate things which would allow a bigger share of the population to not work, it the created wealth is distributed
@tylerjames7449
@tylerjames7449 5 ай бұрын
Unfortunately it will never happen bc the powers that be will claim the vast majority of the wealth created by those advancements
@darrylday30
@darrylday30 5 ай бұрын
My best friend just died from cancer at 49.
@skyty0
@skyty0 2 ай бұрын
"Your life will be in stages, where you travel and educate yourself between moments of work" WITH WHAT FUCKING MONEY?!?!?!
@Thomas-pq4ys
@Thomas-pq4ys 5 ай бұрын
I'm 72, retired for 6 years. I don't like it. I miss working....yet my whole adult life had many adventures few experience. I've only a high school education, and did poorly. I studied fingerstyle guitar, intensely, for 2 years in my 20's, practicing 6 to 12 hours per day... became proficient. I was hired to make illustrations for a book. I took a several month long bicycle tour at 30. I became a nationally published author for serveral years as a magazine writer. I played music professionally for 10 years... which proved to be the most difficult job of my life... too difficult... poor pay, lots and lots of driving, enless marketing, very little music. I voluntatily became homeless... lived in my van, worked at a sporadic, unpredictable, but challenging, interesting job... while living on the streets in my van, winters and all, for 2 years. In my late 40's I built an attachment for a bicycle so I could ride on railroad tracks. I took an 80 mile ride in the Adirondacks, NY, USA. Big fun. I built kitchens and bathrooms, was a singing elf on a santa train.. did whatever I could to bring in money. I took a lousy paying cash job, welding some rich guy's art for a few years. It was boring, repetitive, and I realized the boss just had an idea. It was me the made his dream real. I figured out how to make it with my own fixtures and techniques. In spite of the boredom, I took pride in my work... tonthe boss, I was a weirdo because I liked to work nights... he mocked me relentlessly, like it was great sport. I really wanted my own place... and got a good paying job repairing and maintaining machine tools... The work was great.... management, not so much.. but I earned enough for a downpaymemt on the house I now live in... I rented all my life.... Renting is easier.... I took on the care of a feral cat family, and will for the rest of their lives... they're likr my children... I work around my place, trying to upgrade it... and have to dip into my meager savings to get by... my Social Security is a pittance. I need work. I've mouths to feed....
@OneOmot
@OneOmot 5 ай бұрын
I translate it for you. She said "please work till you die so I can live longer with my retirement"
@MondaysMakeMeVomit
@MondaysMakeMeVomit 5 ай бұрын
How does this lifestyle work for ppl who aren’t rich? Cuz id love to *_”take a year off and travel the world”_* but seems impossible for me.
@annegirouard5781
@annegirouard5781 5 ай бұрын
THIS! I would happily dip out of my current career if I could afford it. But I like having a house and a car. I work in a low-paying field. I can save, but not enough to just up and quit for awhile.
@susanabrandanmazyazh9291
@susanabrandanmazyazh9291 5 ай бұрын
I think if you love your work, then you are willing to work until basically you can, as it is your work-hobby at the same time. However for the majority of people that is not the reality, especially people who do phisically difficult job. In some cases people just unable to carry on after their 60th, depends very much on the work you do. We live longer, however we still have age related diseases and much less energy to carry on working when we are getting older.
@meandyouagainstthealgorith5787
@meandyouagainstthealgorith5787 5 ай бұрын
It's clear to the patrons that if this argument is to be made then the figures for 2020 life expectancy cannot be shown. Just be honest. The reason for the need now is the declining birth rate. People are capable of understanding. I'm nearing 70 now. I've never been more productive.
@ronkirk5099
@ronkirk5099 5 ай бұрын
I took 10 years off work when I was 35 and retired when I was 54. I did it by living modestly and using my disposal income to buy experiences instead of more and more stuff. My advice - don't buy into Madison Ave. consumerism. You'll have much more time to do the activities you like (mine are traveling via bicycle touring, sailing, paddling, and backpacking) and really enjoy life. I'm 73 and still out there.
@Pclub4ever
@Pclub4ever 5 ай бұрын
Your parents are rich and you have no children
@ThatonedudeCR12956
@ThatonedudeCR12956 5 ай бұрын
I don’t necessarily disagree with her. But she seems unaware that people are already doing this and have been for decades. She’s describing how the boom/bust economy functions. Very few people work at one company their entire career and “get their gold watch” 30 years later. That’s not realistic and has not been for a long time
@davidroush1224
@davidroush1224 5 ай бұрын
If one started saving young enough, compound interest can ensure that you don't need to work until 70 or longer. We retired at 56/54 and have traveled the world and still our nest egg is double the day we retired over 9 years ago. I think the three life phases are simple enough and just fine. You can't reduce the educational part by very much. But you can work hard and reduce the working years while then extending the healthy retirement years. We still did many fun things when young, but didn't need to quit a job and take off a year in our 20s to do them - that can be a cruclal time to begin saving which will allow you to not need to work as long. There was little we couldn't do after retirement in our mid fifties when we retired than when we were in our 20s. Hiking, biking, travel all were still fairly easy. So I'm a proponent of getting our of school and working and saving as agressively as possible to achieve financial independence at an age young enough that you can do all the other fun things - you just shift more years of work into retirement. Once I stopped working, I had no desire to go back and work or consult and just do volunteering or fun things mostly on my schedule. Love it.
@NewLife-qj9mx
@NewLife-qj9mx 5 ай бұрын
My family was typical for the era, dad went to work in the foundry pretty much all his life till a heart attack forced him to retire early - then a series of strokes made him bed ridden till he died at 78. Mom worked part time when us kids were older. I knew early on I did not want a life like that - thats living to work. Work smart and invest - make your money work for you - and men - stay single! Cant stress that enough.
@eloiselovesdevi
@eloiselovesdevi 5 ай бұрын
Ya can you imagine if everyone stayed single? We’d be rich and society would cease to exist in one generation
@_LuxStein
@_LuxStein 5 ай бұрын
Corporations are stealing time from us and acting like it's a favor to us. Save, invest, be frugal, be wise, retire early.
@r8chlletters
@r8chlletters 5 ай бұрын
People age differently and we do not offer full healthcare in all countries to those who need it. It’s unrealistic given these facts to expect people to continue doing laborious jobs into older ages. Additionally, people should not feel they must work their entire life to afford the basics and save enough to stop work and enjoy life. If you love your work and can work from a desk congratulations but many many people simply cannot. And those people need fit bodies with stamina to continue u less they completely retool their profession and education.
@MayorSom
@MayorSom 5 ай бұрын
Are we now sanitising late stage capitalism? 😂
@JohnAranita
@JohnAranita 5 ай бұрын
In my last job, I had lots of fun working fast and doing the best job. Two teachers, after I left my position, said that I was the best classroom cleaner.
@KaMiQa16
@KaMiQa16 5 ай бұрын
Sounds amazing but.... this is so privileged I can't even believe we will throw it at everyone. Why do you assume everyone has time and money for education, who is going to pay us when we don't work because we give up jobs for education or traveling being in our forties, who is going to hire us seeing 1-year gap we spent on laying on a beach? With the constant inflation we not only need to find a job after education/vacation break with the same salary but even higher to keep up with costs and the next potential break in a career. I wish that was manageable for majority of people and that's how my future will look like but this is utopian vision.
@tylerjames7449
@tylerjames7449 5 ай бұрын
Yea, it’s impossible for the vast majority of humans, especially with how wealth is currently distributed
@Amor_fati.Memento_Mori
@Amor_fati.Memento_Mori 5 ай бұрын
26 now. I am definitely planning to retire in my 30s. At most 40s.
@Teffi_Club
@Teffi_Club 5 ай бұрын
Good luck, but make sure to prepare for circumstances that may change your plans.
@my.names.robb.with.two.bs1
@my.names.robb.with.two.bs1 5 ай бұрын
FIRE. then you can work on the things you enjoy because you like it, not the things you have to do because it's required. Nothing like more work to get the blood pumping. And you will do your hobbies on the side the whole time.
@githvfyzhub
@githvfyzhub 5 ай бұрын
It seems they want people to work endlessly like machines but we're not machines we too have emotions and empathy to take the right decision for us.
@my.names.robb.with.two.bs1
@my.names.robb.with.two.bs1 5 ай бұрын
@@githvfyzhub working 40 hours a week is not working endlessly. And if you work more than that you get overtime pay which is great. Enjoy it while you got it because next thing you know you'll be laid off due to lack of work and searching for a new job.
@will580
@will580 5 ай бұрын
The multistage life is a great idea but salaries are too low for this to be practical for most people.
@shelleywinters6763
@shelleywinters6763 5 ай бұрын
Was she commissioned from world governments? They took away my pension and now I have to work an extra ten years before I get my money off the government and I might not live much past 70, so no time to enjoy my twilight years in comfort. I'm a little miffed about that being snatched rudely away from me. However, I already lived my life my way, I was a perpetual student, I travelled in my late 30s and I hardly did any continual full time work. So when I'm philosophical about what I can't change, I realise, I haven't even done a full time 30 years of work and I still don't work that much. I think there's more can be said about the patriarchal anti family structure of work, it never changed to accomodate single parents and families, even now.
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