Stuck at Work?

Posted on: Sunday, October 24th, 2010
Posted in: Work/Life Hacking, Blog | Leave a comment

DSC_0512I couldn’t be happier that the career break movement is finally getting legs.

But I’m also acutely aware that many people who used to be racing toward retirement are finding themselves stuck in an increasingly tangled web.

New research shows that small business owners—often called the future of America—are planning to put off retirement in shockingly large numbers.

On one hand, this might suggest that they are feeling more connected to and rewarded by their work–with less need to escape it.

More likely the statistics reflect the sticky economic predicament that so many people now find themselves in–with depleted savings accounts and escalating costs for healthcare.

Here are some highlights from the recent Gallup survey:

  • 47% of small business owners plan to never retire until forced to do so for health reasons—up from 4 in 10 in 2005 and 2007
  • 41% plan to cut back on work but stay involved with their business when they retire.
  • 10% plan to stop working in their business altogether, a drop from nearly twice that level in 2005.

These are sad facts, perhaps, but they support the case for taking some breaks along the way. We’re all likely to be living (and laboring) longer than the generations that preceded us.  Career breaks are one way to ensure that life doesn’t become all work and no play.

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