SOC402 Week 3 Discussion 1
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Description
After viewing Retirement revolution: The new reality, examine how the topic of retirement has changed in American society since the 2008 recession. Describe how it has impacted your plans, family members, or friends' plans for retirement. Compare traditional views of retirement with current views.
In previous generations, the traditional life module meant that someone would work at one company for at least twenty years, retire and live of the combination of their retirement pension and social security. One of the issues that the 2008 recession brought about was the closing down or downsizing of major companies. This resulted in less money available for people to save for retirement so they have to work longer than they originally expected. As it states in our text "As a result of lost...