Episode 87: Longevity and the New Journey of Retirement
In this episode Dawn provides an overview and results of a recent released study, Longevity and the New Journey of Retirement. Age Wave and Edward Jones surveyed more than 11,000 North American adults, largely pre-retirees and retirees, to explore how
the journey of retirement unfolds, the patterns of people’s experience in retirement, and the keys to thriving along the way. Some highlights include:
- Today’s retirees appreciate their longevity and they now count the ideal length of retirement at an average of 29 years.
- The majority now view retirement as “a new chapter of life,” while only a quarter still think of it as the traditional “time for rest and relaxation.”
- Retirees who are thriving today were well-prepared for entering this stage of life and made more focused preparation.
- The Work/retirement lines have blurred. There is no clear definition of when retirement starts, and 59% of retirees and pre-retirees said an ideal mix of work and leisure in retirement includes some work.