Tuesday, February 21, 2012

Retirees are Scarce

This Article explains the cruciality of expanding jobs in America because elderly people are, to put it simply, not retiring in the usual amounts. Due to the stock market crash in 2008, many Americans are still living in fear. This fear is manifested in many different avenues. One of these avenues is in the retirement community. People that are now hitting the 65 range are normally labeled as retirees because they typically retire in their golden years. This is no longer the case. Elderly people are actually going out of their way to keep their jobs in fear for what another stock market crash would do to their wallets. Why is this important? Well, if there are limited job numbers in an expanding population and the older people are not giving up their jobs for younger people to take over, there is a slight problem. In this recession, where President Barack Obama has attempted to create more jobs for the lower class Americans, the job market is becoming more and more competitive. Now, you can barely get a job as a file clerk without having a bachelor’s degree. Even more pressing is the idea that working class Americans are finding it harder and harder to find a job. When the unemployment rate is steadily increasing, despite government funding, we are in a tough situation.

Another interesting factor is the fact that the housing market has declined in the past years. We are currently on the cusp of a rise in real estate, but not yet. Many retirees, who planned to sell their house for a profit, now have to sit on the piece of property to wait for the home to turn profitable again. This puts the housing market in a bad place as well. Without considering the consequences, I thought retiring was just a typical practice. Now, it has become more of a luxury. In harsh economic times, it is easy to overlook the elderly people because of technological innovation and new sciences; however, we need to put our brains together to find out how to solve the retirement issue. Is it a problem for the federal government to address, or is it more a change in attitude? Only time and more paychecks will tell.

2 comments:

kern said...

Do you not think that social security was put in place by the government to address this problem?

Do you think looking forward to your retirement that a lack of social security if the current trend continues will be even a bigger issue since it removes any safety net?

Smith said...

What are your thoughts about encouraging Americans to seek American jobs oversees? Meaning the outsourcings is still going to Americans.