• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

2

Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place

3

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

1

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

2

Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place

3

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
Arts & Entertainmentbaby boomers

Why the economy forces boomers to work longer, then vilifies them for it

By
Lee Ann Rawlins Williams
Lee Ann Rawlins Williams
and
The Conversation
The Conversation
Down Arrow Button Icon
By
Lee Ann Rawlins Williams
Lee Ann Rawlins Williams
and
The Conversation
The Conversation
Down Arrow Button Icon
May 31, 2026, 10:00 AM ET
ms
Meryl Streep attends the European Premiere of "The Devil Wears Prada 2" in Leicester Square on April 22, 2026 in London, England. Grant Buchanan/Dave Benett/WireImage
Add Fortune on Google for similar content.

There is a scene in “The Devil Wears Prada 2” where legendary fashion editor Miranda Priestly, played by Meryl Streep, is walking alone through Milan’s fashion district.

Recommended Video

Her influence has been built on instinct and staying ahead of the culture. But in an industry increasingly shaped by social media, younger voices and constant reinvention, she begins quietly questioning her own relevance.

Arriving back at the hotel, she asks her husband, Stuart, when a person knows it’s time to step aside.

“You’ll know when it’s time,” he says. “You’ll just know it.”

It’s one of the most common mantras about work, aging and ambition, and it assumes that people will instinctively recognize when to slow down, step away or reinvent themselves.

But despite Stuart’s attempt to reassure his wife, that moment is no longer clear in our graying society.

I research aging, mental health and life transitions. As people live longer, work can become more than a paycheck. It’s a source of identity, purpose, routine and social connection. As a result, the question is no longer simply when to stop working, but what it takes to remain happy, healthy and secure as you age.

The retirement script was once clearer

For much of the 20th century, retirement was imagined as a more predictable life transition.

Careers tended to follow more linear paths, and older adulthood was commonly associated with stepping away from professional life and entering a “third act,” with more time to focus on family, leisure, personal interests and life outside the demands of work.

This was often seen as a well-earned reward after decades of work, and it became more accessible to Americans after Congress passed the Social Security Act in 1935 and pension coverage expanded rapidly after World War II.

An elderly man and an elderly woman ride their bikes on a street while wearing helmets.
For much of the 20th century, retirement was championed as a time for relaxation and leisure. Robert Alexander/Getty Images

But over the past several decades, demographic and economic changes have significantly altered how people experience work and aging.

For one, adults are remaining in the workforce longer.

In 1991, the average retirement age was 57 years old.

Now, according to the U.S. Bureau of Labor Statistics, adults age 65 and older remain one of the fastest-growing segments of the labor force, with nearly 1 in 5 holding jobs in 2024. The number of employed Americans in that age bracket rose more than 33% between 2015 and 2024.

Several factors are driving this shift. Life expectancy is the highest it’s ever been, and some adults continue working because they want to remain active and engaged. But others are staying on the job due to the rising cost of living, their employer-sponsored health insurance, caregiving responsibilities or low retirement savings.

Even as the U.S. economy increasingly depends on older adults remaining in the workforce, cultural attitudes about aging and ambition have not evolved at the same pace.

To stay active or to step away

Society sends increasingly contradictory messages about what aging is supposed to look like.

On the one hand, older adults are encouraged to remain active, productive, healthy and engaged well into their golden years. Concepts such as “successful aging” often emphasize continued workforce participation, independence, productivity and purpose.

Yet older adults who remain visible in leadership or influential professional roles have also found themselves increasingly criticized for failing to step aside.

Samuel Moyn’s May 2026 cover story in Harper’s Magazine, “The Old Guard,” argues that America has become a “gerontocracy,” in which older generations disproportionately dominate politics, wealth and institutions, leaving younger Americans politically alienated and economically blocked from advancement.

Moyn’s article highlights legitimate concerns about generational transition and opportunity. However, it also risks overlooking the growing number of older adults who are not working longer solely out of ambition or unwillingness to step aside, but due to financial realities, caregiving responsibilities and economic insecurity. A 2024 AARP survey found that about 1 in 4 U.S. adults over 50 say they expect to never retire.

What are you hanging up, exactly?

Then there’s the emotional meaning of work itself, particularly in a culture like the U.S., where identity and self-worth are closely tied to professional relevance and productivity. Work ultimately offers more than money and power.

Research in gerontology, rehabilitation and occupational psychology increasingly shows that work may also reinforce your sense of self, while providing structure, social interaction, routine and meaning, especially in later adulthood.

At the same time, many of the traditional spaces that once fostered social connection and belonging outside of work, such as civic organizations, bowling leagues, churches and community groups, have declined in recent decades, contributing to a more isolated and socially fragmented society.

In the U.S., loneliness and social disconnection are increasingly recognized as major public health concerns. Work can be one of the few places where people continue to feel visible, needed and socially anchored.

This isn’t an argument for working until the grave. For many people, retirement is often associated with improved mental well-being due to less stress and more opportunities for leisure and personal time.

For some adults, however, stepping away from work can elicit feelings of isolation or diminished purpose, particularly if their jobs were deeply connected to their identity and daily routines. Research on the transition into retirement suggests that social connection, health and financial stability all shape post-retirement well-being.

Perhaps the real challenge today is not that people refuse to step away from work. It is that modern life has made that moment of recognizing “when it’s time” far less clear.

Lee Ann Rawlins Williams, Clinical Assistant Professor of Education, Health and Behavior Studies, University of North Dakota

This article is republished from The Conversation under a Creative Commons license. Read the original article.

The Conversation

The Fortune 500 Innovation Forum will convene Fortune 500 executives, U.S. policy officials, top founders, and thought leaders to help define what’s next for the American economy, Nov. 16-17 in Detroit. Apply here.
About the Authors
By Lee Ann Rawlins Williams
See full bioRight Arrow Button Icon
By The Conversation
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Arts & Entertainment

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Arts & Entertainment

Dave Portnoy
SuccessCareers
Dave Portnoy quit an $80K sales job to start Barstool—he hand-delivered papers in a secondhand van while living with his girlfriend’s mom for 6 years
By Preston ForeJune 29, 2026
7 hours ago
bm
PoliticsWhite House
As Bill Maher accepts Mark Twain Prize, the funniest thing is the tarp draped across the Kennedy Center
By Steven Sloan and The Associated PressJune 29, 2026
9 hours ago
The CEO behind Grand Theft Auto VI doesn’t play video games, but analysts say he has put $1.5 billion behind the biggest game launch of the decade
Big TechVideo Games
The CEO behind Grand Theft Auto VI doesn’t play video games, but analysts say he has put $1.5 billion behind the biggest game launch of the decade
By Marco Quiroz-GutierrezJune 29, 2026
11 hours ago
Big-budget ‘Supergirl’ is among DC Studios’ worst flops for an opening weekend and was reportedly trimmed significantly after test screenings
Arts & EntertainmentMovies
Big-budget ‘Supergirl’ is among DC Studios’ worst flops for an opening weekend and was reportedly trimmed significantly after test screenings
By Jake Coyle and The Associated PressJune 28, 2026
1 day ago
Photo of Bryan and Shannon Miles
SuccessEntrepreneurs
This entrepreneurial couple cashed out their 401(k)s and sold a $126 million company—now they run a U.K. soccer team
By Emma BurleighJune 28, 2026
1 day ago
Photo of Cristiano Ronaldo
SuccessBillionaires
Cristiano Ronaldo is soccer’s first-ever billionaire: He went from begging for burgers outside McDonald’s to landing a $400 million contract
By Preston ForeJune 28, 2026
1 day ago

Most Popular

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
Success
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
By Sydney LakeJune 25, 2026
5 days ago
Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place
Success
Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place
By Sydney LakeJune 29, 2026
7 hours ago
Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
Success
Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
By Preston ForeJune 27, 2026
3 days ago
The retired college professor fighting a $313 trespassing ticket in Wisconsin thinks he's part of a national struggle
Environment
The retired college professor fighting a $313 trespassing ticket in Wisconsin thinks he's part of a national struggle
By Catherina GioinoJune 28, 2026
2 days ago
Cristiano Ronaldo is soccer's first-ever billionaire: He went from begging for burgers outside McDonald's to landing a $400 million contract
Success
Cristiano Ronaldo is soccer's first-ever billionaire: He went from begging for burgers outside McDonald's to landing a $400 million contract
By Preston ForeJune 28, 2026
1 day ago
Ex-Google engineer says Larry Page, Sergey Brin and Sundar Pichai share the same trait—it's the lesson he swears by as a $7.2 billion AI CEO
Success
Ex-Google engineer says Larry Page, Sergey Brin and Sundar Pichai share the same trait—it's the lesson he swears by as a $7.2 billion AI CEO
By Orianna Rosa RoyleJune 28, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.