Social Development in Adulthood

In: Philosophy and Psychology

Submitted By shroomdoom
Words 323
Pages 2

One of the biggest factor in growing older is the problem of financial situations. What are you going to do when you are retired? How are you going to cope with not having a some kind of schedule? He states that 59% of workers are expected to receive pension upon retirement and 41% of workers invest in pension plans. He also discusses some issues of why retirement plans need to change. Some of this reason are the recession and the hit to the trade market. With him saying 63%of Americans are saying they do not believe in retirement.

The reason I pick this article is because retirement has been a big issue for the United States lately. I am going to be 32 and I need to start thinking what I needed to do in the future. I do not think Social Security is going to be an option for me in the future. Investments are unpredictable, and with me as well as most Americans we are just making ends meet. Its had to say what is going to happen in the future, but it looks pretty grim.

If I had to write a research paper on this subject. I would definitely chose this article because of the options it gives to people in retirement. The main purpose of these article is spending. We spend so much money on things that are really not that important. Some examples are eating out, shopping for clothes that are in style. This types of spending can be expensive. A great example would be when I was a kid, I would have my mom buy me the new Jordan when it came out. They were just shoes and they only last for a few years. Money comes and goes, but everyone needs it to survive. This will be an issue that always needs attention, whether it is when we are retiring or in…...

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