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" meant that in the sense that if old people have to work longer, there might not be as many 'good' jobs available for young

and if old people are struggling, their kids will have to think about helping them.

... any bad news for older people is Fair Warning to the young."

This is true, don't you think the longer a person works in most non specialist positions.... employers are looking to downsize or squeeze them out. Due to the higher cost of keeping them in position(increased group health insurance, longer earned vacation, higher salary) Instead they can get just out of college workers.
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