Posted by Tim Stobbs on May 25, 2007
I was reading this interesting article the other day on 70 is the new 50 for retirees. It was a great read because it pointed out a few interesting facts like of those in retirement only 16% over 60 actually retired early. Perhaps what is more interesting is a fifth to a half of the population still works in their sixties with a huge amount (71%) saying they are because they want to, not because they have to.
Beyond anything that just shows me that the old idea of retirement is time to just sit and relax is long dead with more Canadian retirees doing work or volunteer work which combined contribute a staggering $5.3 billion dollars to our economy. Also Canadians on average are a healthy group with most reporting good or very good health in their seventies.
So semi-retirement seems to be a poplar option overall which is a nice blend of paid work and still having the time to chase your own interests. This agrees a bit with my own views. I’m planning on a early retirement, but I would be willing to do a semi-early retirement as well.
Have a good weekend,