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Speaking of Psychology

What does modern retirement look like? With Mo Wang, PhD

Speaking of Psychology

Kim Mills

Health & Fitness, Life Sciences, Science, Mental Health

4.3781 Ratings

🗓️ 29 March 2023

⏱️ 32 minutes

🧾️ Download transcript

Summary

Forget the stereotype of a good-bye party in the break room followed by endless days on the golf course. Today, workers are staying on the job longer and taking on more “bridge employment,” or post-retirement jobs. Mo Wang, PhD, of the University of Florida, talks about what these shifts mean for modern retirement, how retirement can affect people’s mental and physical health, and what workers – even those who still have many years left in the workforce – can do now to help set themselves up for a happy retirement in the future. Please help us know more about you and what you would like to hear more of from Speaking of Psychology by filling out our 2023 Audience Survey. For transcripts, links and more information, please visit the Speaking of Psychology Homepage. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Before we get started today, I'd like to ask you to take a moment to fill out our listener survey.

0:05.5

We want to learn more about you and what you think of this podcast.

0:09.2

So if you would, please go to our website, www.spereatingofpsychology.org, and look for the link to our listener survey.

0:17.0

We'd really appreciate it.

0:18.9

Now on to the episode.

0:23.0

What does retirement look like now?

0:26.1

Forget the stereotype of a goodbye party in the break room followed by endless days on the golf course or sitting in front of the TV.

0:33.8

Instead of an abrupt and permanent exit from the workforce, today's retirement often unfolds slowly over time as people move in and out of post-retirement jobs.

0:44.3

This shift, along with an aging population, is reflected in U.S. workforce demographics.

0:51.3

Nearly one quarter of U.S. workers are older than 55, and the Bureau of Labor

0:56.3

Statistics predicts that the number of workers older than 75 will almost double by 2030. So what

1:03.4

do these shifts mean for modern retirement? How has the rise of remote work and the gig economy

1:09.4

change the way people plan for and experience

1:11.8

retirement? How does retirement and post-retirement work affect people's mental, physical, and

1:17.6

emotional health? If you're close to retirement yourself, what questions should you be asking

1:24.0

to determine whether it's the right time to cut the cord? And if retirement is still

1:28.8

years away for you, what should you do now to set yourself up for a happy retirement in the future?

1:35.4

Welcome to Speaking of Psychology, the flagship podcast of the American Psychological Association

1:40.7

that examines the links between psychological science and everyday life. I'm Kim Mills.

1:49.4

My guest today is Dr. Mo Wang, a university distinguished professor at the Warrington College of

1:55.8

Business at the University of Florida. He is also the Associate Dean for Research and Strategic Initiatives,

2:02.1

chair of the management department, and director of the Human Resource Research Research Center.

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