What this indicates is not just how the population feels about two more years of work before retirement, but how much people in France look forward to a time of switching off and not having responsibilities.
How misguided they are!
Retirement which was conceived as a time of secure “winding down” and a reward for a long working life, has become, instead a time of worry and of concern. Savings are no longer safe in supposedly secure investment accounts, and health issues and their costs are major worries for many people considering retirement. Not only in France.
So retirees are increasingly looking to some form of continued work and additional income after retirement. The problem is that searching to find a “job” when retired is an uphill struggle. Many people cannot even find meaningful work while young and ambitious, let alone when they are no longer seen as energetic and able to contribute fully. Building a Portfolio of meaningful income streams well before retirement would seem to be a logical approach to managing these risks. Instead of pursuing a hard-to-find single job, looking for contract work or servicing clients with the skills you already have is more sensible. Take the leap of being self-employed, and building a client base is what many people will be doing in the future.
See “Even the Rich are Nervous about Retirement” on Newsweek here.
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