I think the question would be, would most of us like to retire early versus inability to afford to retire. It is affected by of course ones own retirement funds set up at a young age. Whether a person is single or married. Whether or not ones home is paid off or are you still paying on a mortgage. Easier for married people to retire early versus single people.
My age group is not able to retire until 66 1/2 with full social security benefits.
I'm 50 now (ugh I even hate to type that). I went back to school at 42 for my BSN, then MSN, then post-MSN APN certificate and I'm heading back to school in August for another post-MSN certificate. All in the name of working until I die!
Seriously, I don't truly think retirement is not working - I think that I will probably work in some capacity till I'm literally too old to do it. My father retired at 62 with full pension, had two homes, plenty of money to do what he wanted to do.
When my husband and I look to retire, I don't see that rosy of a future - I think we will be helping our son and his family out (he is currently laid off and his wife is pregnant) and/or not have enough saved to retire.
I plan to work till I am 67 andmaybe part-time after that. But I got off the floor 7 years ago as it was too physical. Now I am an Educator pushing chairs and tables and ice chests around - no such thing as an easy nursing job I guess. Since I lost most of 401K I plan to work---------------
Many nurses "ease into" retirement. For example ... they may transfer into jobs away from the bedside that are less physically demanding ... they may switch to part-time employment ... etc. rather than go suddenly from "full time staff nurse" to "retired" all at once.
Many nurses "semi-retire" while their children are young and never go back to full time employment. Others "officially retire," but continue to do volunteer work or a little part time work to keep involved in their communities and maybe earn a little money.
To paraphrase the late General Douglas McArthur, "Old nurses never retire. We just fade away...."
I think I will probably be working till I die, my 401 K has declined rapidly but I chose to let the money there and hope the market turns around, I am 54 and hanging on.
Lay offs continue and I worry about that, home is paid for but up keep, taxes, insurance etc will just continue to escalate not to measure energy cost and fuel.
One of my children also is not working and trying to keep his one loan up to date for him since a bad credit rating can affect your employment.
I pray every day that things improve soon , until then I just hang on.