Tuesday, August 30, 2011

4 Reasons Your Retirement Will Be Nothing Like Your Parents

The face of retirement in America is changing. Whereas older generations seemed to be intent on making dreams of rest and relaxation come true, seniors today are more focused on fun and easy ways to stay active. Here are a few new tendencies in the attitudes of citizens approaching their golden years.

We’ll keep working. Nearly eight in ten (78%) of boomers say they plan to work longer than their parents did. This is driven both by necessity and choice, says Perry, the president of Bankers Life and Casualty Company, a Chicago-based insurance company. “Boomers see things differently.”

We’re staying fit. More than eight in ten baby boomers say that staying physically fit is very important to them. “Boomers realize they’re going to live longer so they’re concerned about keeping active to protect their health,” Perry states. It's also about enjoying retirement more, he says.

We’ll never be irrelevant. Of all baby boomers surveyed, seventy-seven percent think it’s important to keep up with technology in retirement. In fact, according to a recent Wall Street Journal article, senior citizens have accounted for the bulk of the growth that social media has encountered recently.

We’ll keep on learning. More than 60% of boomers say it’s very important that they learn a new skill in retirement (just 21% of them think that this was important to their parents though), and more than one in three wants to go back to school.

All in all, the study concludes that “active lifestyle defines the new retirement.”

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