A survey performed by Del Webb—the adult community branch of the building firm PulteGroup—found nearly 60% of respondents plan to retire by the traditional age of 65. When a similar analysis was performed in 2010, the median retirement age was 67.
More than six in 10 respondents shared that, once in retirement, they intended to focus on activities and hobbies that would enhance their physical and mental well-being. Additionally, 51% said they want to spend more time with their family and loved ones and slightly over one-third plan to travel as often as possible.
"For the first time in what may seem like a lifetime, boomers are transitioning to a new stage in their lives that is filled with zest and personal discovery," said Fred Ehle, vice president of brand marketing for Del Webb. "They are able to re-evaluate their lives and focus on what is most important to them—which tend to be friends, family and a healthy lifestyle. Once they do so, they optimize every available opportunity to live their 'new' lives to its fullest extent."
'Empty nesters' taking advantage of their independence
Much of this perceived freedom may stem from baby boomers no longer having children to care for at home. Of those participants whose grown children had moved out of their homes, 90% reported being happy and 95% were looking forward to more personal time upon retirement. More than 80% said they hoped to spend more quality time with their spouses and friends.
Meanwhile, among single respondents, more than 55% shared that they were willing to date. When asked about the best way to meet new people, two-thirds said that it was through friends or family.
Share with us: What do you think about these results? Are they in line with your retirement plans?