Economic Concerns - Baby boomers in their 60s are facing economic concerns that may delay their retirement due to persistent inflation and rising living costs [1] - The median retirement account balance for those in their 60s is $544,439, while most Americans believe they need $1.26 million to retire comfortably [2] - 70% of pre-retirees over 50 are considering or delaying their planned retirement date according to a 2025 survey [2] Financial Uncertainties - 48% of pre-retirees are worried about not having enough money for retirement, with 50% citing financial uncertainties or economic volatility as reasons for delaying retirement [3] - The average retirement balance is reported to be $1,190,078, indicating a significant number of savers are closer to the $1.26 million retirement goal [4] Changing Retirement Perspectives - There is a shift in how retirement is perceived, moving away from a fixed finish line to a focus on purpose, identity, social connection, and flexibility [5] - Baby boomers are increasingly finding fulfillment in continued work, with many exploring creative fields or valuing social rewards over staying at home [6] Work Driven by Purpose - The trend of prioritizing personal values in job selection, often associated with Gen Z, is actually more prevalent among baby boomers, who are 75% more likely to do so [7]

Retirement Trends - The report explores whether 65 is still the standard retirement age [1] - The report investigates if changing trends are causing Americans to retire earlier or work longer [1]