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Retirement is often perceived as a time to rest after decades of working. However, financial preparedness remains a significant challenge. According to the HSBC Future of Retirement Survey, 9 out of 10 respondents are concerned about covering their retirement expenses.
Financial Consultant Himawan Adhi, S.T., M.M., CFP®, QWP™, AWP™, CPC, AAK, QFC™ emphasized the importance of financial literacy and discipline to ensure a prosperous retirement.
A long career in the business world did not stop Zaki Permana (38) from returning to the classroom. He successfully made history as the first and best graduate of the Sustainability Management concentration in the Master of Management Program, Faculty of Economics and Business, Universitas Gadjah Mada (MM FEB UGM), achieving an almost perfect Grade Point Average (GPA) of 3.98.
The phenomenon of overwork, defined as excessively long working hours, has become a reality for many workers in Indonesia. Data from the August 2025 National Labor Force Survey (Sakernas) released by Statistics Indonesia (BPS) show that 25.47 percent of the working population works more than 49 hours per week.
An economist from the Faculty of Economics and Business, Universitas Gadjah Mada (FEB UGM), Wisnu Setiadi Nugroho, S.E., M.Sc., Ph.D., stated that the prevalence of overwork in Indonesia, including the tendency to hold multiple jobs, is not driven solely by economic pressure.
“This phenomenon is the result of a combination of Indonesia’s labor market structure, which provides limited access to quality jobs, low levels of decent wages, and a high degree of labor informality,” he explained.
Impact of Overwork
This condition raises an important question: do longer working hours increase economic output, or do they instead reduce long-term productivity? Wisnu, a lecturer at the Department of Economics, FEB UGM, explained that, in theory, longer working hours can increase short-term output by increasing total hours worked.
Opportunities do not come twice, and not everyone dares to seize them. When the Fast Track Undergraduate–Graduate Programme launched at the Faculty of Economics and Business at Universitas Gadjah Mada (FEB UGM) at the end of 2023, Anawinta Choirunnisa chose to leap, despite not fully knowing what challenges lay ahead.