The study revealed what retirement age individuals plan: unexpected
A survey reveals that many individuals approaching retirement plan to continue working, with variations in financial strategies and lifestyle adjustments based on their backgrounds.
A recent survey conducted in Lithuania indicates that a significant number of individuals entering retirement plan to remain in the workforce. Notably, 42% of the respondents who are divorced or widowed prefer the option of working post-retirement. The data also shows that a greater proportion of qualified professionals (38%) and workers (37%) intend to pursue employment during their senior years, reflecting diverse strategies among different demographics regarding their post-retirement plans.
Among other strategies, saving money in accounts or deposits emerges as the second most popular choice, with 29% of respondents indicating this preference. Additionally, nearly a quarter of the surveyed population (24%) reports investing in financial instruments such as investment funds, stocks, bonds, or life insurance. There is a noteworthy trend where 40% of those in managerial positions indicate they are more inclined toward saving and investing, showcasing a proactive approach to financial sustainability during retirement.
The survey also uncovered that 19% of respondents plan to live modestly and reduce their daily expenses during retirement, while 17% either already own or intend to acquire rental property. Moreover, 16% are actively saving for their future living arrangements, indicating a growing awareness of the financial realities that accompany retirement. This study sheds light on the varying expectations and strategies that Lithuanians are adopting as they approach their retirement years, highlighting the necessity for financial planning and adaptability.