There are only a few magic numbers in American civic life. You can vote(and get drafted)at age 18. You can drink at 21. You can become president at 35. You can retire at 65.
But on that last one-do Americans really want to? Now that so many Americans are living healthfully until 85, fewer and fewer actually retire at 65. Today there are 5 million people 65 or older in the U.S. labor force, almost twice what there were in the early 1980s. And that number is about to explode.
Some people are working past 65 because they have to: Health care costs are rising, and Social Security payments-at an average of about $1,000 a month-don't cover what they used to. But the bigger trend in Senior Work is the fact that Americans love -and now that we're living longer, we want to work longer too. We just can't get enough. My friend and mentor Harold Burson, the co-founder of the global PR firm Burson Marsteller, where I am CEO, just turned 86, and comes to work every day, bursting with ideas.
On average, Americans work over 1,800 hours per year, substantially more than most workers around the world. Although we get fewer vacation days per year than other Western countries(13 days, compared to 28 in the UK, and 37 in France), we let more than twice as many go unused. And really, what's a vacation to us these days without our BlackBerry? In 2006, almost a quarter of us (23%) checked our work e-mail and voice mail while away-up from just 16% in 2005. A lot of us love to work.
In fact, the impulse to work is so basic that the Fourth Commandment is to take off one day a week. Not working for a day is right up there with not murdering, not committing adultery, and not stealing. We tend to assume that most people want off-waiting all week for the Friday afternoon whistle so they can stream out of work. To be sure, many jobs are terrible-even life-threatening-and people reasonably can't wait to get home. But as work overall has become more managerial, consulting ,and software-oriented-and as manufacturing jobs have been on the decline-a lot of people have changed their attitude toward work, and the number of workaholics has skyrocketed. How many times have you heard the old saying that no one ever lay on his deathbed wishing he had spent more time at the office? And yet, a lot of people are doing just that. The sandwich generation is going to be in for a shock when they call their 70-year old parents at the office and find they are just too busy to babysit their grandkids.
Add to America's general obsession with work the fact that it is now the baby boomer generation who is nearing 65, and it becomes clear that the traditional idea of "retirement"-with its gold watch, rocking chair, and golf course-is just about ready for retirement itself.
Boomers reinvented youth in the 1960s and economic success in the 1980s; they are not to do their senior years by someone else's formula. According to a 2005 survey by Merrill Lynch, more than 3 in 4 boomers say they have no intention of seeking a traditional retirement. Rather they look ahead to their 20 more years(when Social Security was created in 1935, a 65 year old could expect just 13 more years)and they say Bring It On. Some want to keep their health insurance, or have enough funds for the extra years-but more of the boomers surveyed said they wanted to keep working in order to stay mentally and physically active and to stay connected to people.
"Microtrends-the small forces behind tomorrow's big changes"
Mark J. Penn (2007)Hachette Book Group
Questions
1. What do the magic numbers of 18, 21, 35 and 65 represent in American civic life?
[These magic numbers indicate age levels whereby certain special privileges are bestowed to Americans. Americans are eligible to vote at age 18, drink at age 21, become president at age 35 and retire at 65.]
2. Why do some people work past 65?
[Some people are working past 65 because they have to: Health care costs are rising, and Social Security payments don't cover what they used to. But the bigger trend in Senior Work is the fact that Americans love to work. This is further supported by the ability of people to live longer, so everyone prefers to prolong their working life.]
3. What does the phrase "bursting with ideas" when he comes to work at the age of 86 implies about Mr. Harold Burson?
[The phrase implies that Mr. Harold Burson goes to work everyday constantly overflowing with new, innovative and useful ideas; he is mentally active. It also implies that old age does not hinder his ability to contribute to his company.]
4. Give examples to show that American employees are workaholics by choice?
[On average, Americans work over 1,800 hours per year, substantially more than most workers around the world. Although they get fewer vacation days per year than other Western countries (13 days, compared to 28 in the UK, and 37 in France), they let more than twice as many go unused. In 2006, almost a quarter of Americans (23%) checked their work e-mail and voice mail while away-up from just 16% in 2005. According to a 2005 survey by Merrill Lynch, more than 3 in 4 boomers say they have no intention of seeking a traditional retirement and instead they look ahead to their 20 more years of work.]
5. What is the tone of the writer when he mentions that "not working for a day is right up there with not murdering, not committing adultery and not stealing"?
[The writer portrays a sense of seriousness when it comes to taking a break from work for a day, and equates it's significance to other Commandments.]
6. What example is given to show that the grandparents of the present generation do not fit with the traditional stereotypical image of grandparents in the past?
[The example stated: The sandwich generation is going to be in for a shock when they call their 70-year old parents at the office and find they are just too busy to babysit their grandkids.]
7. Explain in your own words the sentence "it becomes clear that the traditional idea of 'retirement' - with its gold watch, rocking chair, and golf course - is just about ready for retirement itself."
[In my own words, the phrase denote that the usual follow-ups from retirement: gold watch, rocking chair and golf course, aren't practiced anymore and are mentioned by people just for the fun of it. The whole situation is as if a cliche, where people frequently speak of things to be done related to post-retirement, though they aren't carried out anymore.]
But on that last one-do Americans really want to? Now that so many Americans are living healthfully until 85, fewer and fewer actually retire at 65. Today there are 5 million people 65 or older in the U.S. labor force, almost twice what there were in the early 1980s. And that number is about to explode.
Some people are working past 65 because they have to: Health care costs are rising, and Social Security payments-at an average of about $1,000 a month-don't cover what they used to. But the bigger trend in Senior Work is the fact that Americans love -and now that we're living longer, we want to work longer too. We just can't get enough. My friend and mentor Harold Burson, the co-founder of the global PR firm Burson Marsteller, where I am CEO, just turned 86, and comes to work every day, bursting with ideas.
On average, Americans work over 1,800 hours per year, substantially more than most workers around the world. Although we get fewer vacation days per year than other Western countries(13 days, compared to 28 in the UK, and 37 in France), we let more than twice as many go unused. And really, what's a vacation to us these days without our BlackBerry? In 2006, almost a quarter of us (23%) checked our work e-mail and voice mail while away-up from just 16% in 2005. A lot of us love to work.
In fact, the impulse to work is so basic that the Fourth Commandment is to take off one day a week. Not working for a day is right up there with not murdering, not committing adultery, and not stealing. We tend to assume that most people want off-waiting all week for the Friday afternoon whistle so they can stream out of work. To be sure, many jobs are terrible-even life-threatening-and people reasonably can't wait to get home. But as work overall has become more managerial, consulting ,and software-oriented-and as manufacturing jobs have been on the decline-a lot of people have changed their attitude toward work, and the number of workaholics has skyrocketed. How many times have you heard the old saying that no one ever lay on his deathbed wishing he had spent more time at the office? And yet, a lot of people are doing just that. The sandwich generation is going to be in for a shock when they call their 70-year old parents at the office and find they are just too busy to babysit their grandkids.
Add to America's general obsession with work the fact that it is now the baby boomer generation who is nearing 65, and it becomes clear that the traditional idea of "retirement"-with its gold watch, rocking chair, and golf course-is just about ready for retirement itself.
Boomers reinvented youth in the 1960s and economic success in the 1980s; they are not to do their senior years by someone else's formula. According to a 2005 survey by Merrill Lynch, more than 3 in 4 boomers say they have no intention of seeking a traditional retirement. Rather they look ahead to their 20 more years(when Social Security was created in 1935, a 65 year old could expect just 13 more years)and they say Bring It On. Some want to keep their health insurance, or have enough funds for the extra years-but more of the boomers surveyed said they wanted to keep working in order to stay mentally and physically active and to stay connected to people.
"Microtrends-the small forces behind tomorrow's big changes"
Mark J. Penn (2007)Hachette Book Group
Questions
1. What do the magic numbers of 18, 21, 35 and 65 represent in American civic life?
[These magic numbers indicate age levels whereby certain special privileges are bestowed to Americans. Americans are eligible to vote at age 18, drink at age 21, become president at age 35 and retire at 65.]
2. Why do some people work past 65?
[Some people are working past 65 because they have to: Health care costs are rising, and Social Security payments don't cover what they used to. But the bigger trend in Senior Work is the fact that Americans love to work. This is further supported by the ability of people to live longer, so everyone prefers to prolong their working life.]
3. What does the phrase "bursting with ideas" when he comes to work at the age of 86 implies about Mr. Harold Burson?
[The phrase implies that Mr. Harold Burson goes to work everyday constantly overflowing with new, innovative and useful ideas; he is mentally active. It also implies that old age does not hinder his ability to contribute to his company.]
4. Give examples to show that American employees are workaholics by choice?
[On average, Americans work over 1,800 hours per year, substantially more than most workers around the world. Although they get fewer vacation days per year than other Western countries (13 days, compared to 28 in the UK, and 37 in France), they let more than twice as many go unused. In 2006, almost a quarter of Americans (23%) checked their work e-mail and voice mail while away-up from just 16% in 2005. According to a 2005 survey by Merrill Lynch, more than 3 in 4 boomers say they have no intention of seeking a traditional retirement and instead they look ahead to their 20 more years of work.]
5. What is the tone of the writer when he mentions that "not working for a day is right up there with not murdering, not committing adultery and not stealing"?
[The writer portrays a sense of seriousness when it comes to taking a break from work for a day, and equates it's significance to other Commandments.]
6. What example is given to show that the grandparents of the present generation do not fit with the traditional stereotypical image of grandparents in the past?
[The example stated: The sandwich generation is going to be in for a shock when they call their 70-year old parents at the office and find they are just too busy to babysit their grandkids.]
7. Explain in your own words the sentence "it becomes clear that the traditional idea of 'retirement' - with its gold watch, rocking chair, and golf course - is just about ready for retirement itself."
[In my own words, the phrase denote that the usual follow-ups from retirement: gold watch, rocking chair and golf course, aren't practiced anymore and are mentioned by people just for the fun of it. The whole situation is as if a cliche, where people frequently speak of things to be done related to post-retirement, though they aren't carried out anymore.]
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