Retirement Is Not What It Used To Be

See also You Can't Afford To Retire Expectations for retirement have changed in the wake of the Great Recession. Forget moving someplace warm and sipping margaritas between golf and shuffleboard games; the "New Normal" for Americans involves less wealth and more work, says a survey from SunAmerica Financial Group, which focused on people aged 55 and older (younger workers should pay attention, too). Still, the research shows people as more upbeat and philosophical than pessimistic, with a sense that the new experience of retirement can be fulfilling. "Americans are emerging from the experience with new knowledge, new discipline and have re-set their vision of an ideal retirement," says Jay S. Wintrob, president/CEO of SunAmerica Financial Group. "Americans have also proven themselves to be both resilient and resourceful. They are course-correcting: intending to work longer, save more, spend less, be more disciplined and adjust their lifestyle expectations." More than 1,000 Americans took part in the research. For more about the survey, click here.