4 Things Motivating People to Retire — and 4 Reasons They Continue Working

Date:

Share post:


PeopleImages.com – Yuri A / Shutterstock.com

Are you ready to retire? Or would you prefer to work for many years to come?

Each of us has our own answers to these questions. But what lies behind those responses?

Recently, The Harris Poll asked more than 1,000 adults to describe the factors that motivate them to retire — or that keep them working.

Here are the top factors that motivate people to quit working. We then follow up those reasons with factors that keep others on the job.

4. Change of pace

Senior woman playing golf in retirement at a golf course in Tucson, Arizona
Daniel50 / Shutterstock.com

Workers who cited this as a reason they want to retire in the future: 28%

Retirees who cited this as a reason they chose to retire: 16%

After working in a job for most of our adult years, many of us want to try out a different type of life. In that sense, retiring can be the ultimate change of pace.

If you are thinking of retirement, make sure you answer the “7 Questions to Ask Before Retirement to Get the Life You Want.”

3. Desire

Retired friends
PeopleImages.com – Yuri A / Shutterstock.com

Workers who cited this as a reason they want to retire in the future: 40%

Retirees who cited this as a reason they chose to retire: 40%

Some people who retire don’t have grand reasons for doing so. Instead, they have a desire to stop working, plain and simple.

Accumulating a large nest egg can turn your desire to retire into reality. For tips on building your savings, check out “7 Tips to Retire With a Million-Dollar Nest Egg.”

2. Pursuing other interests

Senior couple
sirtravelalot / Shutterstock.com

Workers who cited this as a reason they want to retire in the future: 50%

Retirees who cited this as a reason they chose to retire: 31%

When you are working, it’s more difficult to pursue your interests, such as travel or hobbies. But once you retire, you suddenly have a lot more free time to do the things you want to do.

Wondering how you will spend your golden years? Check out the “26 Big Ideas for What To Do in Retirement.”

1. Spending time with loved ones

Older women outdoors
DisobeyArt / Shutterstock.com

Workers who cited this as a reason they want to retire in the future: 58%

Retirees who cited this as a reason they chose to retire: 40%

As anyone approaching retirement age surely knows, our time on this earth is finite. Perhaps nothing brings as much happiness to our lives as spending time with loved ones.

Retirement gives us more of that most precious resource — time — to enjoy with family and friends.

Primary motivations to continue working

Relieved businessman or worker relaxed at a laptop not worried about work
OtmarW / Shutterstock.com

While some folks can’t wait to stop working, others prefer to remain on the job. Here are the primary motivations that keep people working if they are not yet fully retired:

  • Stimulation: 38%
  • Time occupation: 35%
  • Independence: 33%
  • Enjoyment or fulfillment: 32%

Get smarter with your money!

Want the best money-news and tips to help you make more and spend less? Then sign up for the free Money Talks Newsletter to receive daily updates of personal finance news and advice, delivered straight to your inbox. Sign up for our free newsletter today.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Related articles

Bitcoin As Federal Tax Payment Method? Congressman Presents New Legislation – Investorempires.com

<!-- Bitcoin As Federal Tax Payment Method? Congressman Presents New Legislation – Investorempires.com ...

Nvidia stock price closely watched today as another high-stakes earnings report draws near

Nvidia Corporation, the world’s leading GPU chip design company, is poised to announce its latest quarterly earnings...

Wendy’s rolls out $3 breakfast combo

As customers pull back from fast-food dining due to escalating prices, a number of chains are offering...

PayPal Stock: Why I Am Still Invested (NASDAQ:PYPL)

Risks And Investor Takeaway So, the model depends on the company achieving higher profitability and maintaining...