Americans are “Hopeful” but not Confident About Retirement

Retirees use the words “hopeful” and “peaceful” to describe retirement rather than “confident” or “overwhelmed,” according to a study conducted by MIT and The Hartford, conducted in October and released in December.

Of retirees surveyed by The Hartford and MIT’s AgeLab in its Age of Opportunity study, 27% said they feel peaceful about retirement versus 11% of pre-retirees who shared the same sentiment.

The study also asked about expected activities in retirement, finding that retirees expect to travel more (32%); spend more time with family (44%); relax, read and watch TV more (38%); and work part time (9%).

Overwhelmingly, retirees and pre-retirees said that a healthy retirement is more important than a wealthy one, with 80% of retirees saying they want to live as long as they are healthy, versus wanting to live as long as they have money. Nearly all respondents agreed with the statement “being healthy after retirement is my number one concern.”

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