How Do Non-Financial Factors Affect Retirement Decisions?

IB#16-3

The brief’s key findings are:

  • Studies show that financial factors have a statistically significant, but small, impact on retirement decisions.
  • So it is not surprising that non-financial factors have a major influence on those who choose to work into their late 60s or 70s.
  • When workers retire, they are often being pulled by a desire for other activities rather than pushed by a dislike of work.