Traditionally, retiring entails leaving the workforce permanently. However, experts found that the very definition of retirement is also changing between generations.
About 41% of Gen Z and 44% of millennials — those who are currently between 27 and 42 years old — are significantly more likely to want to do some form of paid work during retirement.
…
This increasing preference for a lifelong income, could perhaps make the act of “retiring” obsolete.
Although younger workers don’t intend to stop working, there is still an effort to beef up their retirement savings.
It’s ok! Don’t ever retire! Just work until you die, preferably not at work, where we’d have to deal with the removal of your corpse.
The argument of people being ‘better off’ now is that technology is better and more available. It is much cheaper to buy a big 4k flat panel tv now than a black and white tv with four channels and no remote back in the 50s. We have the Internet, smartphones, better health care, video games, music, streaming services, cheap air travel, food from all over the world, robot vacuum cleaners, air conditioning etc. etc.
What we don’t have so much of is cheap housing, good secure jobs, any reasonable degree of income equality etc.
You must be cherry picking. 3rd world life expectancy is a lot worse than our, while we are very close to the best. If you cut the chart off below us we look bad.