By Kerry Hannon, Senior Columnist, Fri, May 13, 2022, 11:08 AM 7 min read
Baby boomers and Gen X are reimagining retirement, according to a new study.
Pre-retirees and retirees view their parents’ version of retirement as having been a time for “rest and relaxation,” according to a new study “Longevity and the New Journey of Retirement” conducted by Edward Jones in partnership with Age Wave.
However, when asked about their own retirement today and in the years ahead, only 27% see today’s retirement in the same light, while 55% define it as “a new chapter in life.”
“This is definitely not their parents’ or grandparents’ retirement,” according to Ken Cella, principal, branch development at Edward Jones. “At the same time, they face new challenges, especially around their health, their finances and finding a new definition of purpose.”
The survey of more than 11,000 people was conducted online by Harris Poll in January and February 2022 and consisted of adults aged 45+ who are retired or within 10 years of retirement.
At the end of the month, we mark the centennial of the Lincoln Memorial. This monument to our 16th President was dedicated on Memorial Day (then Decoration Day) in 1922 and its one hundred year birthday falls on Memorial Day this year. The Lincoln Memorial is visited by millions every year in Washington, D.C., and has been the site for many memorable speeches and events over time. The dedication ceremony drew quite a crowd. The dedication ceremony drew quite a crowd. On May 30, 1922, approximately 50,000 people gathered around the base of the memorial and some along the Reflecting Pool, as seen in the photo…
Editor’s Note: Read more, see link below for original item…
Something odd happens when we are in crisis. Enshrouded in fear, worry, and self-doubt, we quickly lose sight of what matters and often act accordingly. We may get hooked on a never-ending chase for our immediate needs and wants, foregoing our deeper goals and intentions.
We may even become paralyzed by the burdens of the day and spend our time mindlessly staring at black screens or blank walls.
Whatever the reaction to the crisis may be, the underlying objective often remains the same: Getting rid of the pain. Getting rid of the hurt and grief and everything that makes life hard and unbearable. This is true whether we try to drown our feelings in alcohol, distract ourselves with work, or even go completely numb.
And though it may not sound like it, this is normal and natural. We all escape our pain at times to help us cope. But while we avoid the hard stuff, we inadvertently also avoid what gives our life purpose and meaning. Rather than reaching for our goals, wishes, and ideals, we focus on not feeling.
And if we live like this for too long, we may even begin to doubt whether there is any sense to it at all.
Sometimes being a social scientist comes in handy.
Or at least it did for Arthur Brooks.
He wanted to explore why some people were happy in the second half of life and how he could make sure he — and others — could enjoy those decades.
He advises those still in the first half of their working life to take the long view now and for everyone to build in flexibility and be ready to adjust their expectations.
Brooks’ new book is From Strength to Strength: Finding Success, Happiness, and Deep Purpose in the Second Half of Life. He spoke to All Things Considered about not leaving happiness to chance and about the two types of intelligence needed for happiness.