Retirement from the job if one is employed has been the most defining moment in the life of an individual. In the US, it is escape from work, from cold and from obligation. It takes you to a life of Golf and time with grandchildren.
In India, it could be the demotion to the back bedroom of the eldest son's home or elsewhere. No one values you anymore.
A recent study unveils that by 2047 there will be more people in the world over 60, with more money and education than any other time in history than children under 15. It further states that the longevity economy is already enormous enough to be the third largest after US and China.
With people over 60 becoming increasingly fitter, wealthier and full of zest for life, the indication is that the story of needy older people needs to be revised. However, for much of human history, retirement had not been in existence. Old age was the final and harder chapter of working life.
The book, 'The 100-Year Life', by Lynda Gratton and Andrew Scott tells us that the longer your life, the more your identity reflects what you craft, rather than a reactive response to where you began.
We can see a variety of careers waiting for us when we cross the threshhold of 60. While savings provide the baseline of security as you age, new skills and sustained relationships are set to take you to a fruitful life ahead in your journey.
Considering that a 100 year old human is still a human, research shows that the single strongest predictor of happiness in life ater retirement is the quality of your close relationships.
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Based on the editorial in Times of India of 21052026

