Navigating retirement: Generations redefine the future of work and leisure

Retirement behaviors have evolved significantly across generations, shaped by varying economic conditions and personal values. We need your help to stay independent Subscribe today to support Salon's progressive journalism Gen X takes strategic breaks Gen X has adopted a pragmatic approach to retirement planning, focusing on self-reliance and early savings due to economic shifts and the decline of pensions. Social media amplifies their desire for memorable experiences, encouraging flexible work arrangements that allow for periodic breaks instead of deferring leisure until traditional retirement. According to Ross Loehr, certified financial planner at The Sovereign Investor, "Gen Z values financial independence, with many aiming to retire earlier than previous generations by leveraging digital tools to build their diverse income streams. Despite their financial challenges, many Gen Zers are committed to early investments in retirement plans, showcasing their dedication to long-term savings.