Introducing: The Anxious Generation
Posted on Dec 16 2011 at 10:13:30 PM in Society
If someone told you there are bunch of people out there considered the 'Anxious Generation', would you automatically assume they were talking about young adults?
Well, I did, and I assumed wrong.
The so-called 'Anxious Generation' are 50+ old moms and pops, close to the age of retirement, but who will likely have to continue working well into their 60s and 70s.
Americans who are over 50, but have not yet retired, are substantially more stressed about their finances; more skeptical of relying on the stock market to provide their income after they stop working; more concerned about the Great Recession and its aftermath; and much more worried that they will not enjoy as secure a retirement as their parents did.
This anxiousness explains why people don't want to leave the 'financial security' of work.
It sucks because if they don't continue working then we'll likely end up with a whole bunch of financially-dead older people. If they do, then upward mobility for younger people will be blocked off, and contribute to greater youth unemployment.
Guess, an easy win-win solution is temporarily out of the question.
National Journal: The Anxious Generation