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.
While 47 percent of Americans say they think about retirement as a slow transition away from full-time work, only 38 percent now say they think about it as a distinct date in the future to stop working and start drawing down on retirement assets. At the same time, 15 percent say they don’t see themselves ever slowing down or retiring.
“In the past, retirement started abruptly on your last day of work, but that idea is changing,” said Kelly LaVigne, vice president of consumer insights, Allianz Life. “Many Americans are thinking about slowly working less and less as they age. That’s an important change for creating a retirement financial strategy that
