Many of us bought into the dream of the previous generation; our parents, family, teachers, and other adults in our young lives. We were taught to follow the linear path of good grades -> good college -> good job -> good retirement -> successful life. Then we hit some point in or 30s, 40s, maybe 50s where we question what the hell we got ourselves into.
That was a great idea for the post WW2 generation who lived through truly sucky times. And many of those folks followed that dream, got a fat pension, retired at 55, and lived a little before settling down into old age.
I’m not so sure that works any more, and probably hasn’t worked very well for quite awhile.
I often say that ‘retirement is wasted on the old’ because a lot of us nowadays feel like we have to work into our late 60s or maybe forever to continue to make ends meet. Pensions went away and were replaced by 401ks that sometimes work but sometimes don’t. Health care costs went up, especially for the older folks. We live longer and are pressured into more expensive lifestyles during middle age and just can’t, or don’t, save as much.
Anyway, here’s my take on the great American midlife pivot where we re-define our dreams and try like hell to change course midstream and make it happen.
Full Episode right here this Friday.
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