At the risk of sounding like Dana Carvey’s “Saturday Night Live” character, the Grumpy Old Man, retirees are firm believers that those who are unemployed should take a job, any job, until they can find a full-time position. They also don’t cotton to the notion of the government stepping in to help, according to a first quarter Spectrem’s Millionaire Corner study of Millionaire households that examines investor attitudes and behaviors.
More than three-fourths (77 percent) of Millionaire retirees said that the unemployed should work part-time while looking for full-time work, compared to 67 percent of those are semi-retired or still working. They are also bigger proponents than those who are still working or semi-retired of taking even a lesser position than one is used to (68 percent vs. 61 percent)
Seventy-three percent said that they should do more to invest in themselves through additional job training and education. On this point, retirees are practicing what they preach. Whether for financial reasons or because they are living longer and want to stay engaged, an increasing number of retirees are pursuing “encore careers.: "Entrepreneur rates are rising faster in the 45- to 60-year-old bracket than the 20- to 30-year-old bracket,” Michael Chodos, SBA associate administrator for entrepreneurial development, told USA Today earlier this year.
Non-retirees are slightly more emphatic that corporate America should do more to help relieve the strain of those who are unemployed (37 percent vs. 33 percent). They are also more likely than retirees to take the attitude that government should play a greater role in helping those who are unemployed (25 percent vs. 19 percent).
Both retirees and non-retirees are on the same page that social and faith-based organizations and congregations should do more to relieve the strains of those who are unemployed (roughly 25 percent each).
Related story: Quality jobs—it’s not a good time, Americans state. Click here to read more.
Donald Liebenson writes news and features for Millionaire Corner. He has been published in the Chicago Tribune, The Chicago Sun-Times, The Los Angeles Times, Fiscal Times, Entertainment Weekly, Huffington Post, and other outlets. He has also served as a marketing writer for Chicago-based Questar Entertainment and distributor Baker & Taylor.
A graduate of the University of Southern California, he is married with a college-age son. He also writes extensively about entertainment.