Nearly half of Americans expect slow transition into retirement
Americans’ view of retirement is shifting as nearly half of Americans think about retirement as a slow transition away from full-time work rather than a distinct day in the future to leave the workforce, according to the 2024 Annual Retirement Study* from Allianz Life Insurance Company of North America ( Allianz Life ).
- Americans’ view of retirement is shifting as nearly half of Americans think about retirement as a slow transition away from full-time work rather than a distinct day in the future to leave the workforce, according to the 2024 Annual Retirement Study* from Allianz Life Insurance Company of North America ( Allianz Life ).
- Many Americans say they expect to work later in life in order to achieve financial stability for retirement.
- Nearly seven in 10 Americans (68%) say people should expect to work later in life in order to have enough money to retire.
- This is important when, on average, most Americans expect to live nearly 30 years in retirement.