StudentShare solutions
Triangle menu

Retirement and Leisure - Essay Example

Not dowloaded yet

Extract of sample
Retirement and Leisure

Terkel begins by describing how he was amazed by the celebrations at his parents’ 25th wedding anniversary. As a teenager, he could not understand what people were happy about, yet his parents, at 55 years, were on the verge of dying. Remembering the celebrations, at 79, he had long passed the age he once considered old and yet he was actively involved in golf, swimming and business. He is surprised at how corporations view that age as old and urge people to retire. He remembers how one would be considered a baby by trying to become a CEO at age 41, the time he joined the corporate jungle. One had to be in the 50s to qualify as CEO. Presently, there are CEOs well below 40 years. He also contrasts how difficult it is for those falling out of jobs today in their 60s to get new employment with the way it was easy for the same age group to be reemployed earlier on. Circles of power are growing leaner with less dominant managers in control. Insecurity among the management is growing, with most of them being fired, retired or driven out of jobs by mergers or closures before they are halfway up the management hierarchy. Computers and younger managers have taken over their jobs.
The laid off managers end up living on their meager savings, which could have been substantial in the previous years. It gets worse when life suddenly changes from the hustle and bustle of running a corporation to the humbled loneliness and boredom of being on your own. The busy days, people seeking opinions, phone calls and incentives disappear. Former high ranking colleagues are too busy for you unless, sarcastically, they can earn from spending time with you. Those still in employment blame the old retirees for exorbitant taxes going towards Medicare.
In conclusion, Terkel sees his generation as a lost one. Although it feels great being a parent and grandparent, their children are a different generation regardless of how close they are to them. He, ...Show more

Summary

In the comparison, one is thrown into the corporate world on his own, fights for survival and, eventually, leadership. He is himself a former manager of a…
Author : tyree75
Retirement and Leisure essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Retirement and Leisure"
with a personal 20% discount.
Grab the best paper

Related Essays

Evaluating the Case of The Early Retirement
..3 Introduction…………………………………………………………………………………….4 Background…………………………………………………………………………………….5 The Allure of Early Retirement………………………………………………………………..7 Things to Consider……………………………………………………………………………..8 How Early Retirement Can Backfire…………………………………………………………..8 The Emotional and Mental Impact…………………………………………………………….9 Conclusion………………………………………?
10 pages (2500 words) Essay
Retirement Age
For instance, Britain had initially made proposals to increase the pensionable age to sixty-six by 2026 and sixty-seven by 2036 (Woodifield, 2013). However, they have made changes to set the retirement age at 66 by 2020 and 67 for the duration between 2026 and 2028 (Woodifield, 2013).
3 pages (750 words) Essay
Leisure and recreation
The modes and preferences have evolved drastically over centuries and civilizations. Entertainment may be in active form such as sports, adventure, traveling, nature study, arts and music or in passive form such as television, internet and other mass media tools.
12 pages (3000 words) Essay
Retirement Awareness
Many factors play a major role in early retirement such as illness, economic soundness or private occupation. Many factors play their role in making early retirement decision. Greater wealth is obviously one of the factors. Other most
3 pages (750 words) Essay
Recreation and Leisure
Work on the other hand is any activity that a person engages in to earn a living or for other gains. The distinction between work and leisure has been changing with time. Additionally the amount
6 pages (1500 words) Essay
Retirement income
Government pension benefits have the benefit of providing a modest source of retirement income. However, I will be faced with the challenge of maintaining a pre-retirement lifestyle and this where personal savings and employer pension plans come in handy (Brown, Chambers &
2 pages (500 words) Essay
Retirement Planning
savings plan into your budget, while allowing the power of compounding interest to do all the work for you in order to achieve a comfortable retirement without financial worries. There are a lot of individual factors that one must take in consideration while planning for
4 pages (1000 words) Essay
Continunity between work and retirement
But this is not usually the case, the fact that you retire from employment does not mean the end of your useful life. Retirement should be a self-fulfilling prophecy, where one does not necessarily become passive but incredibly active by
2 pages (500 words) Essay
Retirement Issues
For most of the people, it is not possible to work during the entire life. Sooner or later age would take its toll and limit physical movement as well as the thought process. Every person is aware of this fact and tries his level best to secure his lifelong livelihood within the specific time of working life.
15 pages (3750 words) Essay
RETIREMENT ASSIGNMENT
Assuming that the employer’s defined benefit plan pays 1.25% of ending salary per year of employment, what will your annual retirement income be from this retirement plan (do not adjust for inflation): In a defined benefit plan the employer does not take into
5 pages (1250 words) Essay
Get a custom paper written
by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT
Comments (0)
Rate this paper:
Thank you! Your comment has been sent and will be posted after moderation