Think that the Game Plan is not the new financial planning? Take a look at what's going on!!!
Rethinking Retirement: A Generational Perspective by Dr. Eliza Filby
Baby Boomers: Redefining old age and embracing social media like never before. But are they overlooking the need for social care?
Grandpreneurs: The fastest-growing group of entrepreneurs in the UK? Women in their 60s!
Gen X: Tech-savvy but burned out. Facing dual financial pressures, they're opting for solo entrepreneurship and are more realistic about social care.
Millennials: Delaying traditional milestones and questioning the value of university education. Financial independence? Not until their mid-70s, they say.
Gen Z: Financially savvy yet possibly naive. They're entrepreneurial and believe in multiple income streams.
Family Dynamics: Financial interdependence is the new norm, and social care will likely be home-based.
The Workplace: Companies are urging employees to downsize their careers rather than retire. The future is not just golf courses and grandkids; it's about pursuing passions and building businesses.
The Bottom Line: It's time to rethink retirement and financial planning across generations. Let's focus on creating a life rich in financial security as well as emotional, intellectual, and spiritual abundance.