Family finances can be generous and empowering, or awkward and contentious matters. This can complicate retirement, but it's better to navigate such concerns than ignore them.
On average people loan or give
to adult, children, siblings, parents, or grandchildren each year1
Did you know?
84% of retirees say they believe educating their family on financial independence could make them more comfortable in retirement.1 How does your family compare? Find insights about family finance in our report.
Whether it's an upsize, a downsize, or relocating, the choice to change homes in retirement can significantly impact lifestyle.
64% of retirees have moved or anticipate moving in retirement.1
51% moved to a smaller home
19% moved to a same-sized home
30% moved to a larger home
Did you know?
Renting your home through Airbnb three weeks a year while you're on vacation could be worth $6,000 per year, or $120,000 in retirement funds over 20 years.4 Discover more innovative strategies in our report.
Collectively, American retirees will enjoy 126 billion hours of leisure this year.1 Rather than a winding down period, retirement is becoming a time of life for new experiences.
95% of retirees say they prefer experiences over things.1
Did you know?
86% of retirees say it's easy to find inexpensive leisure activities they enjoy.1 Whether it's traveling off-peak, choosing less expensive dining and transportation options, or using discounts, there are many options to explore.
Most retirees say retirement is the best time in life to give back, and as the massive Baby Boomer generation retires, the cumulative potential of their generosity is likely to surge.
Which better defines success for you? Being wealthy or being generous?1
Did you know?
75% of adults are willing to increase their time spent volunteering for causes, if their ability to give monetary donations decreases.1 How will you meet your giving goals? Our report can provide some ideas.
1) Source: Age Wave/Merrill Lynch, "Finances in Retirement: New Challenges, New Solutions," 2017
2) Source: EBRI, 2015; 90% certainty to cover Medigap premiums, Medicare Part B premiums, Medicare Part D premiums, and out-of-pocket expenses for retirement at age 65 assuming median health-related costs through retirement. Estimates exclude costs of long term care; 2015 dollars
3) Source: "How much do drivers with Uber make on average." www.uber.com/info/how-much-do-drivers-with-uber-make
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