Half of Older Americans Considering 'Unretirement': Survey

“While it’s understandable that those facing financial challenges would consider such steps, it’s interesting to see our survey findings underscore how much generations like baby boomers are reconsidering what retirement looks like and what’s important to them such as finding personal fulfillment and intellectual stimulation.”

Directions Research fielded the survey in mid-June among a nationally representative sample of 2,015 U.S. adults. Respondents were targeted to Americans 50 and older who are financial decision-makers and have at least $100,000 in financial products/savings.

How Financial Advice Can Help

The survey found that nearly half of respondents did not work with a financial professional, rising to 59% of Generation Xers.

As many people in retirement are also looking for guaranteed income, 36% of all respondents who work with a financial professional own an annuity, compared with only 14% of those who do not work with a financial professional. F&G noted that annuities are known for providing steady income and inflation-hedging benefits.

“Leveraging the expertise of a trusted financial advisor can often make people more confident and better equipped to navigate the challenges of retirement planning with conviction and clarity,” Blunt said.

“But once financial considerations are mitigated, advisors could think beyond the numbers and also consider their role helping clients plan for overall happiness — whether that involves volunteering, working full time, part time or not at all.”