The budget battles of recent years have amplified the warnings of demographic doomsayers who predicted that a wave of baby boomers would bleed America dry, bankrupting Social Security and Medicare as they faded into an impoverished old age.Read more...
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The budget battles of recent years have amplified the warnings of demographic doomsayers who predicted that a wave of baby boomers would bleed America dry, bankrupting Social Security and Medicare as they faded into an impoverished old age. On the contrary, argues award-winning journalist Chris Farrell, we are instead on the verge of a broad, positive transformation of our economy and society.
The old idea of retirement -a word that means withdrawal, describing a time when people gave up productive employment and shrank their activities-was a short-lived historical anomaly. Humans have always found meaning and motivation in work and community, Farrell notes, and the boomer generation, poised to live longer in better health than any before, is already discovering unretirement-extending their working lives, often with new careers, entrepreneurial ventures, and volunteer service. Their experience, wisdom-and importantly, their continued earnings-will enrich the American workplace, treasury, and our whole society in the decades to come.
"Unretirement" not only explains this seismic change, now in its early stages, it provides key insights and practical advice for boomers about to navigate this exciting, but unsettled, new frontier. Drawing on Chris Farrell's decades of covering personal finance and economics for "Bloomberg Businessweek" and "Marketplace Money," this will be an indispensable guide to the landscape of unretirement from one of America's most trusted experts."
- ISBN-13: 9781620401576
- ISBN-10: 1620401576
- Publisher: Bloomsbury Publishing PLC
- Publish Date: September 2014
- Page Count: 256
- Dimensions: 9.4 x 6.2 x 1.2 inches
- Shipping Weight: 1.1 pounds
Publishers Weekly® Reviews
- Reviewed in: Publishers Weekly, page .
- Review Date: 2014-07-21
- Reviewer: Staff
Business writer Farrell (The New Frugality), a contributing editor for Businessweek, certainly touches the zeitgeist with his latest book. Retirement is a dirty word for many older Americans, who identify strongly with work; they abhor the idea of getting old and being put out to pasture. Since Americans live longer, there is a time gap between the workplace and the grave. Mass retirement is a relatively new phenomenon, with the forever-young baby boomers now reaching the age of 65 and older. Relentlessly upbeat, Farrell stresses the wisdom and insights of age in the workplace. You won’t hear much about infirmity or dementia. Farrell urges senior “pushback” instead; a weak chapter on fighting old-age stereotypes only reinforces the book’s fragile propositions. Farrell offers sound financial advice and tips on how to navigate change, though his giddy macro-theme of “unretirement” and his would-be unretirement movement—starting new careers or entrepreneurial ventures, volunteering—seem closer to fantasy than not. However, for older workers at a loss for ideas and eager to postpone the inevitable, Farrell’s how-to-cope book will provide a comforting road map and set of possibilities. Agent: Joelle Delbourgo, Joelle Delbourgo Associates. (Sept.)