‘We’re excited about it’, say over-50s
Contrary to popular belief, the UK is a nation looking forward to a happy retirement, hoping for a ‘carefree’ and ‘relaxing’ time, according to a survey into the meaning of retirement carried out by Skipton Building Society.
The study of 2,000 Brits found that almost two thirds (63%) view retirement as a positive, happy experience, with only one in ten (11%) seeing it as a negative. Researchers found that being care-free, having more time to relax, spend with family and go on holidays are most important to them. Other positive words they used to describe retirement included ‘fun’, ’wonderful’ and ‘quiet’.
‘Golden years’, ‘stress-free’ and ‘exciting‘ also featured highly, dispelling the myth that, as a nation, we have negative feelings about life after work.
Retiresavvy blogger and retiree David Sanders spoke of his experience. He said: “Travelling in retirement was a scary prospect, but four weeks and 5,000 miles was a brilliant way to kick off my post-work life. My Route 66 at 66 journey allowed me to start as I mean to go on."
Almost three-quarters (72%) of people are looking forward to their retirement, with four in ten even admitting to being jealous of those who have already quit work.
“You’ve done the pension planning; now it’s time for the life planning. It’s time to invest in you” says retiresavvy blogger and lifecoach Tilla Brook.
Financial planning is important
The transition to retirement can be tough. Many newly retired people struggle to come to terms with it.Tilla Brook
The top 20 words we associate with retirement
- Family time
- Golden years
- End of an era
- No money
- One long holiday