Wednesday, November 21, 2007

Retirement is sweeeeeet, work hard young'uns

All you young folks will take great solace in the fact that us old folks are looking forward to retirement and healthcare funded by your payroll taxes. Work hard because we have lots of shuffle board to play. Oh, and yes, Social Security will be broke by the time you retire because Congress has spent all the surplus money that would have funded your retirement. The next time a politicians says, "I want to help you"....well, you know.


Toronto, ON – According to a recent poll conducted by Ipsos Reid on behalf of RBC, while a slim majority (56%) of individuals approaching retirement believe that their quality of life will get better once they retire, eight in ten (79%) current retirees indicate their quality of life was improved once they retired. These findings suggest that retired life is even better than individuals might have originally predicted.

One of the many perks of being retired is, in many cases, freedom from the alarm clock. Fully two thirds (66%) of retired Canadians say that they have freed themselves from the shackles of the morning buzzer, indicating that they never use an alarm clock to wake up. But this doesn't mean that these individuals are slowing down in retirement; rather, two thirds (67%) of retired Canadians indicate that they are continuing to live their lives at the same pace as they were before retiring.

As boomers begin to approach the golden years of retirement, it appears that they are starting to appreciate the health and wellness of their own bodies and minds. In fact, almost all (90%) boomers in the retirement window say that they are becoming more aware of the need for wellness and personal care. Furthermore, two thirds (67%) of retirees suggest that they spend more time looking after themselves than they used to, which contrasts with just six in ten (59%) pre-retired boomers who indicate that they are able to do the same thing.