I like the way Joseph Coughlin, head of the AgeLab at MIT, describes it: Baby boomer retirement is an “improv act.” It’s a good catchphrase. We’re creating a new vision…Chris Farrell, author of Unretirement (2014)
The focus of the above reference, Chris Farrell‘s book Unretirement, is retirement and the economy. This post, on the other hand, is more about the psychosocial factors regarding the choice to retire. Or the choice to unretire, which is the return to some form of employment, paid or otherwise.
First, some numbers. Farrell found the following, as stated in his interview with Rick Bell, Workforce.com: “Many people find that they really didn’t want to retire after all. What they wanted was a long vacation. Economist Nicole Maestas of the Rand Corp. found that more than a quarter of retirees reverse their decision and return to work, either full time or part time. She notes that as many as 35 percent of the youngest retirees unretired. Those joining the ranks of the unretired mostly made the decision because they found retirement less satisfying — more boring? — than they had expected.”
So, here’s what led to me writing about baby boomer retirement in the first place: an excerpt from Daniel J. Levitin‘s Successful Aging: A Neuroscientist Explores the Power and Potential of Our Lives. A proponent of never actually retiring in the traditional sense of the word, Levitin basically says sure, leave work if you want and when you’re ready—but replace it with doing something else that’s fulfilling. “Even if you’re physically impaired, it’s best to keep working, either in a job or as a volunteer.”
Why are people happier when they continue with working? “Harvard University economist Nicole Maestas says, ‘You hear certain themes: a sense of purpose. Using your brain. And another key component is social engagement.'”
In addition, “Recall Sigmund Freud’s words that the two most important things in life are to have love and meaningful work. (He was wrong about a great number of things, but he seems to have gotten that quote right.)”
From Kirkus Reviews, regarding Levitin’s other advice about successful aging: “Some of his breathless prescriptions are old favorites—happy people live longer; eat mostly plants; have lots of friends; don’t retire—but he relies heavily on legitimate science, so readers will encounter life-extenders supported by studies (although not in humans) such as calorie restriction, metformin, and rapamycin, as well as long-in-the-tooth favorites like antioxidants and fish oil, which he advocates for while admitting that recent studies are not impressive.”
The general outlook is that older age doesn’t have to be an unhappy time of life, contrary to the belief of too many. While retirement is likely to be in the cards someday, unretirement can be as well.