"It's happening now. We're in the midst of the long-predicted expansion of the 65-and-older population. Due to a combination of baby boomers reaching retirement age and an increase in life expectancies, the number of adults aged 65b or older is projected to more than double over the next several decades and represent over 20 percent of the population by 2050."
"Over 4 million reach the traditional retirement age each year. For many, retirement is a satisfying, meaningful, and enjoyable experience. Alas, this is not true for everybody. Taylor (2024), in one of the few academic books on retirement (in contrast to the abundance of self-help trade books), concludes that up to a third of people who retire find the transition either stressful or notice a decline in their well-being."
The population aged 65 and older is expanding rapidly as baby boomers reach retirement and life expectancies rise, with that group projected to exceed 20 percent of the population by 2050. Daily and annual inflows into traditional retirement age are large, yet retirement outcomes vary: many find retirement satisfying while up to a third experience stress or reduced well-being, and 10–25 percent face adjustment difficulties including mental health issues. Marketing often frames a “good retirement” around leisure and spending, but psychological research prescribes three core recommendations, beginning with pre-retirement planning to support better adjustment.
Read at Psychology Today
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