Ryan Holderman's take on double-dip by the numbers

Ryan Holderman to John Curry, December 27, 2006

Subject: Double-dip by the numbers

Dear John:

Thanks for sending the chart "Retired But Working." [Chart shown several posts down] It's very interesting. The enormous percentages in the upper income area...$80,000 to $100,000 or more...would seem to indicate that folks in the administrative, non-classroom sector are benefiting in a very big way from this arrangement.

When you combine this practice with the possibility that they are already drawing 88% - 100% of their final average salary, having retired, I'd say they're enjoying a very comfortable semi-retirement! It stands in stark contrast to the many retirees who are struggling to exist on $30,000 or less, in some cases much less, per year.

It seems to me that these newer retirees will have very little concern or empathy for those who retired before 1999.

That's my take,

Ryan