What the hell is this shit? Instead of pushing for the return to traditional pensions, capitalism is celebrating the idea that Millennials and Gen Z may simply never be able to stop working.
Generation Z is leading the "soft saving" trend, a new financial approach that prioritizes personal growth and mental wellness over aggressive saving goals.
Traditionally, retiring entails leaving the workforce permanently. However, experts found that the very definition of retirement is also changing between generations.
About 41% of Gen Z and 44% of millennials — those who are currently between 27 and 42 years old — are significantly more likely to want to do some form of paid work during retirement.
...
This increasing preference for a lifelong income, could perhaps make the act of “retiring” obsolete.
Although younger workers don’t intend to stop working, there is still an effort to beef up their retirement savings.
It's ok! Don't ever retire! Just work until you die, preferably not at work, where we'd have to deal with the removal of your corpse.
This honestly sounds like propaganda trying to convince people this is a thing.
IMO it's exactly that. They hardly bring up any other external influences on people's income in the article, just a paragraph or two very deep in the article.
It insinuates really hard that people have the money to spend but just don't want to spend, a subtle "killing the messenger" of people being lazy and greedy.
This is some straight up Manufacturing Consent shit that's designed to make you think being poor and working until you fucking die on the assembly line and have to have your corpse dragged into the dogfood machine by the other wage slaves was your idea.
The leaders of capitalism are just "capitalists." And they don't read CNBC. This is an article written for middle-class office drones, because it's one of the few websites that isn't blocked by the company firewall that has something approximating entertainment on it.
By the leaders of capitalism one could mean the CEOs and/or upper management, the c-suite, etc.
And they don’t read CNBC.
They sure watch it though, as well as the Sunday morning shows.
This is an article written for middle-class office drones, because it’s one of the few websites that isn’t blocked by the company firewall that has something approximating entertainment on it.
They're usually too busy to watch videos on their web browser at work because they are trying to keep the place from burning down project wise, but sure, it could be for them as well.