What will retirement look like in 50 years?

A reporter recently asked me what retirement will look like in 50 years. At first, I froze. What insightful comments could I make about retirement communities on Mars? But once I took a breath, the notion of looking back 50 years and then the 50 years before that provided a framework to consider how things might change.

Finally, private sector retirement plans, which had emerged at the turn of the century and then been depleted by the Great Depression, re-emerged after World War II. These plans — mostly defined benefit — then began to spread, so that by 1970 roughly half of private sector workers had access. This legislation also made defined-benefit plans more expensive, which when combined with major changes in the labor force, the nature of work, and global competition, contributed to the shift to defined-contribution plans s).

The three major cracks are the coverage gap, the lack of insurance for long-term care expenses, and the reluctance/inability of retirees to use their house as a source of retirement income. • Finally, for many, their home is their largest asset after Social Security. People need a cheap and easy way to tap this asset. If reverse mortgages are too complicated and scary, maybe a property tax deferral can help.

Will have to deal with Three Nuclear wars and probably end up living in Iceland

I word soylet green🤬👹👺🤡

Well, seeing how I have 28 yrs until I can retire and there will be no social security so I am told I feel for me it will look like this...

Pretty gray.

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