Work until you die
Today’s 40- and 50-year olds are going to be the first generation to work until the day they die. “We are entering the age of no retirement. The journey into that chilling reality is not a long one: the first generation who will experience it are now in their 40s and 50s. They grew up assuming they could expect the kind of retirement their parents enjoyed – stopping work in their mid-60s on a generous income, with time and good health enough to fulfil long-held dreams. For them, it may already be too late to make the changes necessary to retire at all.” Read “A world without retirement,” part of a truly excellent series from the Guardian.
Are you one of them? Celebrity chef Anthony Bourdain has pointers for you. Bourdain, whose dégustation of Cairo eats including pigeon we noted back in February, admits in a great piece for WealthSimple’s blog that “I didn’t put anything aside, ever. Money came in, money went out. I was always a paycheque behind, at least. I usually owed my chef my paycheque: again, cocaine. Like I said, until I was 44, I never even had a savings account.”
(If you’re a corporate comms type, we’d suggest read that last piece from WealthSimple closely — it’s a perfect example of blog content that has editorial authenticity to it, doesn’t include a hard sell for your product, and will prompt truly interested potential clients to stick around and learn more about you.)