Economics and Role of Retiree

Economics and Role of Retiree

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The significance and understanding of aging is influenced by many factors. When completing this paper, focus on the inverse relationship of how larger social and cultural contexts shape aging processes, and how these in turn shape the societies and cultures in which they occur.

Take a look at the current economic environment and recognize any dramatic event that changed the traditional transitional path from worker to retiree in American society. How have these changing economic forces altered the role and quality of life for older adults?

Create a 1,400- to 1,750-word informational pamphlet or flow chart depicting the occupation you feel has been affected the most by changing economic forces. Economics and the Role of the Retiree Paper

Review how the path from worker to retiree in that occupation has been altered. Complete the following in your paper:

• Review the various phases of retirement.
• Specific to the occupation you selected, explain how each of these phases has been affected by changing economic forces.
• Identify the alternatives that are now available in lieu of traditional retirement.
• Explain how retirement planning has affected younger adults.
• Describe to what degree you feel retirement planning options affect career selection for younger adults today.

Include a minimum of 3 peer-reviewed references.

Format your deliverable according to APA guidelines.

Click the Assignment Files tab to submit your assignment.

HCS 557 WEEK 3 Economics and the Role of the Retiree Paper

Retirement Is A Transitional Phase Associated With An Aging

Retirement is the ideal that everyone after a lengthy career can relax and collect the benefits that were guaranteed. This is the symbolic accomplishment of the American dream. In reality, retirement is a transitional phase associated with an aging population, along with unplanned changes such as disease, disability, and widowhood. Retirement is anticipated and planned for years in advance, however this does not happen as often anymore. Currently, in the United States, there is a portion of the elderly that is forced to work well past the age of retirement. In reality, most elderly cannot work, and those who can work, live in or near poverty. Such social issues can be attributed to the government. For example, the huge federal deficit which threatens the quality of life for retirees. The social security program which promises benefits for retirees, that is not affordable. Medical insurance program cuts that will impact healthcare for retirees. These are just some of the social issues of an aging population that everyone needs to be aware of because if nothing is done to address these problems, it only becomes a burden for following generations.
Social security Social security is a term used to cover a huge portion of the social welfare system. It first became a general use in the United States in 1935, during the great depression. President Franklin D. Roosevelt introduced a series of programs known as the New Deal, which included the social security act of 1935. The…