The baby boomers’ march into retirement is a major demographic trend that naturally attracts research. The following studies of pre retirees’ and retirees’ attitudes and behaviors provide interesting insights that can benefit your retirement advisory work with clients.
Among those who are retired, one-third reported that they did not feel they had a choice except to retire. Feeling like retirement was not by choice is more common among younger retirees, with 54 percent of retirees under age 65 feeling they had no choice but to retire, compared with 23 percent of retirees 65 or over.
Twenty-two percent of adults age 50 years and older have searched for a job in the last five years. Of these, 55 percent found the job search to be moderately or very difficult.