To retire in our capitalist society means to become invisible. Also, the money validates that one is of value. The role model for the ageless hustle is 80-something Rupert Murdoch, head of Fox. His grip on power hasn't lessened with age.
The Retirement Confidence Survey from the Employee Benefit Research Institute found that about 70% of current workers indicate that they will probably keep earning paid wages and running businesses in retirement.
Making money is cool. It's also a conversation-starter. In a social group we frame ourselves by how we are managing to bring in the bucks, despite the economy, age, competition from Millennials.
Not making money is a distancer. In a social group, peple back off. We figure you have thrown in the towel on life. We even predict you will die soon since you don't have much paid work to do.