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These 6 Things Retirees Grew Up With Are Going Away or Are Gone


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Published in Business and Finance on by Kiplinger   Print publication without navigation

Over the past six years the number of checks written has declined at a rate of 7.2% per year. At the peak in 1995, 49.5 billion checks were written annually. As of 2022, it fell to 11.2 billion, a more than 77% decline, according to the Federal Reserve.

The article from Kiplinger discusses how various items and experiences that were common during the childhoods of today's retirees are becoming obsolete. It highlights the disappearance of physical items like pay phones, paper maps, and typewriters, as well as cultural practices such as writing checks, using cash, and even the traditional concept of retirement itself. The piece reflects on how technology and societal changes have led to the decline of these once-ubiquitous elements, replacing them with digital alternatives like smartphones, GPS navigation, and electronic payments. Additionally, it touches on the shift in retirement norms, where the idea of a fixed retirement age or a complete withdrawal from work is fading, with many seniors opting for phased retirement or continued part-time work due to financial necessity or personal fulfillment. The article serves as a nostalgic look back at a bygone era while acknowledging the practical benefits of modern advancements.

Read the Full Kiplinger Article at:
[ https://www.kiplinger.com/retirement/penny-and-other-things-retirees-grew-up-with-going-away ]

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