Friday, August 16, 2013
Recently I was having lunch with a group of friends. One friend, younger than me, commented that she didn't like to tell people she was "retired," because it made her feel too old. We laughed and asked, "Would it be better to tell people you are 'unemployed'?" We all agreed that probably sounded worse.
But, is "retired" really such a dirty word? For some, perhaps yes. For example, AARP used to be an acronym for the "American Association of Retired Persons" but in 1999 the organization changed its official name to AARP, and membership is open to anyone 50 or over, regardless of working status.
Fortunately for researchers, "retired" and "retirement" are still viable terms that generate a lot of important issues. One of my favorite researchers is Gordon L. Clark at Oxford, who writes and speaks clearly and thoughtfully on a number of financial issues, including retirement. His co-authored Oxford Handbook of Pensions and Retirement Income sits on my quick access shelf.
Another resource for statistics and commentary on retirement-related issues is the University of Michigan's Retirement Research Center. Check their website for the latest publications, including data on the impact of proposed changes in Social Security rules on individuals' work and retirement decisions.