Open AccessRetirement Realities
Author(s) -
Claire Matthews
Publication year - 2013
Publication title -
applied finance letters
Language(s) - English
Resource type - Journals
eISSN - 2253-5802
pISSN - 2253-5799
DOI - 10.24135/afl.v2i1.11
Subject(s) - population ageing , demographic economics , business , population , economics , labour economics , actuarial science , demography , sociology
Retirement is a time that is long anticipated by the working population, and arriveswith substantial expectations of what it will be like. A survey was undertaken to explorethe actual experiences of New Zealanders aged 65 and older. Key messages to emergewere: most respondents were satisfied with their life in retirement; the importance ofsaving for retirement; concerns around financial resources related in part to the fasterrate of increase of basic living costs relative to income; and, the risk of the unexpected.
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