As much as anything, “lifestyle inflation” drives many people to forgo the opportunity for early retirement. In the 1950s, the productivity of the information age promised less work and more leisure. Yet, people seem to be working the same or MORE hours rather than less.
I expect we could quite easily have a 20-hour work week today – or all retire in our 40s – if we were willing to adopt a 1950s lifestyle. This would mean a smaller house, one car instead of two (or three), less going out to eat, very little international travel, and no subscriptions to cell phones/internet/cable TV.
Will this trend continue? Will we continue to value things more than time? Isn’t time and independence the ultimate luxury?
Image Credit: Pixabay / MrFireStation.com