The Broken Promise of Retirement
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In this thought-provoking essay, the author examines the broken promise of retirement in contemporary society. The article highlights the historical context of retirement, tracing its origins to the early 20th century when it emerged as a reward for labor and a means for older workers to enjoy their remaining years. However, the author argues that the current retirement system is failing to deliver on its promises. The article explores the financial challenges faced by retirees, including inadequate pensions, rising healthcare costs, and the increasing reliance on personal savings. Additionally, it discusses the psychological and social impacts of retirement, such as a loss of purpose and a sense of isolation. The author concludes by calling for a reevaluation of the retirement system and the need for policies that address the evolving needs and realities of aging populations.