One unfortunate consequence of the trend of retiring later and later is that it halts advancement and puts people&#x27;s careers in limbo who would otherwise be climbing the ranks.<p>When people generally retired at 65 or so, &quot;mid career&quot; would be around 35-40, where you&#x27;d start managing or taking on more senior roles. Now you see people still clinging to their senior executive jobs at 85, crowding out everyone else&#x27;s advancement. You have 40 and 50 year olds still in low level jobs, and you need to be in your late 50s or early 60s in order to start climbing the ladder. Kind of a crappy situation, unless you&#x27;re one of the lucky type who doesn&#x27;t care about advancement.