Compensation Strategies Group, Ltd.
Nova 401(k) Associates
Nicholas Pension Consultants
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|How Different Generations Define Retirement|
July 9, 2021
"[People were asked] to write down the first three words that came to their mind when they thought about 'retirement.' ... [The] responses [were then used] to construct word clouds ... [F]or the young adults in this sample, the concept of retirement evokes the aging process first and relaxation second....[F]or adults ages 50 and older, ... [age] is now smaller and off to the side ... Rather, the epicenter of retirement is now pleasure and pursuit of happiness: travel, relaxation, freedom, family, and, for a few, the beach."
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