Research shows that more than half (54%) of people over 40 are worried about retirement.
From the age of 40, 10 of her 44-year-olds to 6 of hers (61%) felt anxious about retirement, even though it could be decades away. He was discovered by Abrdn, an asset manager.
The cost of living crisis and the impact of the current economy on investment is behind many people's concerns, alongside concerns that people are not saving enough for their pensions in their lifetime. existed.
Some feel embarrassed about not having a retirement plan or asking for advice.
In addition to financial concerns, some worried about being labeled "old" and losing their identity when they finally retired.
Her psychologist Linda Papadopoulos, Ph.D., says retirement anxiety is a "significant problem" that some people end up seeking medical care for.
She said:
"This could be concerns about how you spend your time, financial concerns, or feeling lost in your identity."
She continues:
``Another is that it can exacerbate the panic. You may feel overwhelmed in general, which can affect your relationships and your performance at work.”
1 in 6 (16%) said: I can't sleep at night due to post-retirement anxiety.
Surveys show that about 13% say it affects their personal lives and relationships, and 14% say it affects their work.
Dr. Papadopoulos added:
"Retirement is one of the biggest steps we know we'll take at some point in our lives, and starting to prepare as early as possible can reduce the risk of 'retirement anxiety.'"
Abrdn's Client Director Colin Dyer said:
``Our clients are seeing more and more of this every day. It's helpful and you shouldn't be ashamed to raise an issue you're unsure of or worried about.
PA
