Looks like we might not even get to enjoy our golden years.   No one wants to retire thanks to our unstable economy and uncertain financial future.   Because, for the first time in decades, retiring lost its luster.

Well, that’s one way of putting it.

Stamford Advocate reports that more senior citizens are working, which is a good and bad thing.

First off, the good: people are living longer.   You can thank advancements in medicine for this one.   Because people feel great and are healthier, they want to stay active.  And, by being active, it means they still want to work.

Good to note, though: more senior citizens are running marathons, too.  And are slaying on the basketball courts.  Which means our grandmas and grandpas are probably in the best shape their age group has ever been.

So, that’s why some don’t see a point of retiring at 65.   They think they have another 20-30 years to putz around.  To them, the golden years sound almost boring.  There’s only so many vacations one can take.

But, this does come with a major disadvantage.  Especially to the younger generations hoping to get their foot in the door.

With more senior citizens holding onto their jobs instead of accepting a retirement package, the markets have become saturated.   Kids are missing out on key experience, which will benefit them later in life.

In short, America’s workforce may appear “less experienced” in 10 years from now since kids today will have to play a giant game of catch-up with the prior generation.  But, I could be wrong.  In all honesty, I hope I’m wrong.

But, let’s not point any fingers and call these senior citizens greedy for hanging onto their jobs.  Some may have  very legitimate reasons for heading into work every morning.

And it might have nothing to do with their health.

The recession of 2008 might have wiped out their savings and investments.  Some workers admit their retirement savings are anemic.

Others say they’re still working because of the uncertainty in the market and in health insurance.  Not to mention, the skyrocketing cost of living.

The Employee Benefit Research Institute found that over a quarter of workers over the age of 55 have less than $10,000 saved up for retirement.  When I worked in life insurance in 2012, the golden number a person needed to save up for retirement was about $1 million.

Or, a person not planning on working another day after the age of 65 will need $1 million to keep that lifestyle.  That’s why retirement savings plans, annuities, and investments are somewhat crucial to attaining that goal.  Or, you know, borrowing against your life insurance policy, which is also a thing.  Not really advised for a long-term solution, but it’s an option.

But, that lofty million-dollar goal seems out of reach for many of us.  To some of you, that number might seem inflated.

But, if you want to pay off all your taxes, go on vacation, buy groceries, and pay for healthcare for the next 30 or so years without a a stream of revenue… yeah.

Anyways, I digress.

So, that’s why a third of older workers admit they’ll be working until they’re 70.

About 10 percent of Fairfield county workers, age 45 and older, say they don’t plan on retiring at all.  And, the lower their income, the more people say they’re never retiring.

It’s becoming harder to save up for retirement when a good chunk of the workforce tends to live paycheck-to-paycheck.  CNBC did an excellent write-up of that back in January.

So, a good portion of America’s current workforce isn’t making plans anytime soon to make room for the next generation of workers.

And economists are pretty vocal why this is a bad thing.   The last time America saw this many senior citizens in the workforce was back in 1962.

Since then, many believed they’d never see a number that high again.  Especially when that trend bottomed out in 1985.

On top of that, unemployment rates rose among senior citizens.  It was 3.7 percent last month, slightly lower than last year’s  However, that’s still higher than the median over the past 30 years.

That said, I present you yet another can our politicians may kick down the road.  More people say they can’t retire and more young people say they can’t find work.  Guess what that’s doing to the economy.  Especially Connecticut’s.

I mean, that’s why such a large portion of CT millennials live with their (still working) parents.  It’s one of the highest rates in the nation, too.

So, we may be traveling up an appropriately named creek without a paddle and not even know it.  Any ideas on how to make this better?

What do you even say to people too afraid to retire?

Unfortunately, it’s a dilemma our politicians need an answer to… STAT.

What do you think? Comment below