"Retirement is being reframed, it's no longer a single date and instead is an adaptable stage in the next chapter, Rita Assaf, vice president of retirement offerings at Fidelity Investments, said in a statement."
"More than half of respondents (51%) say the rising cost of living competes with saving for retirement, and 28% cite paying off personal debt as a major obstacle."
"81% believe that retirement-related health care costs will be high, with Fidelity's Retiree Health Care Cost Estimate pegging costs at about $172,500 for an individual."
A national survey of 2,015 U.S. adults reveals that retirement is increasingly viewed as a flexible stage rather than a fixed date. 72% of respondents expect to retire on their own terms, up from 67% last year. Many are exploring alternative paths to retirement, such as gig work (35%) and small businesses (29%). Financial concerns, including the rising cost of living and health care expenses, significantly impact retirement planning. The findings suggest a shift in housing demand as more individuals prioritize properties that support active aging.
Read at www.housingwire.com
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