For decades baby boomers have had an outsized impact on society, so it’s only natural that they are now reimagining what it means to retire as well.
“Retirement isn’t a gold watch and goodbye any more,” says Jo Brennan, Group Executive, Member Engagement, Education & Advice at Aware Super.
“It’s more like a winding road than a finish line. These days, more people are looking to strike a new rhythm in retirement - something that fits their life now, not just what came before.”
Up, up and away … the baby boomer generation is redefining retirement. Credit: Getty Images
Australia’s retiree population is growing, and it’s estimated to reach 15-20 per cent of the overall population by 2030. That amounts to around 320,000 Aussies retiring every year, bringing some $86 billion in savings a