This Retirement Trend Is Helping People Ease 'Financial Anxieties' and Avoid 'Loss of Purpose,' Workplace Expert Says Taking a nontraditional approach to retirement comes with several advantages.
By Amanda Breen Edited by Jessica Thomas
Key Takeaways
- More than half (56%) of American workers believe they're behind on their retirement savings.
- Nowadays, it pays to consider alternative ways to retire.
When people talk about retirement, typically, they're referring to a linear path: Go as far as you can in your career, turn a certain age and leave the professional world for good. It might be the traditional model, but these days, it doesn't work for everyone — for several reasons.
More than half (56%) of American workers believe they're behind on their retirement savings, according to a recent Bankrate survey. Meanwhile, since the beginning of 2020, prices of everyday goods and services have increased about as much as they did in the full decade prior to the pandemic, per Bloomberg.
Related: This Is the Key to the Retiree Lifestyle You Want — and the Income You Need
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