Millennials reimagine retirement: 'The end game might not be ... sitting on my Adirondack chair'
By many measures, millennials are doing considerably well financially.
By many measures, millennials are doing considerably well financially. Still, fewer younger adults are thinking about retiring in the traditional sense one day.
“Retirement is becoming more deprioritized,” said Michael Liersch, head of advice and planning at Wells Fargo.
“Ten or 15 years ago that was always the number one goal,” he said. Now, “actually living one’s life in the moment is a bigger priority.”
Although this cohort is very focused on building wealth, “the end game might not be no longer working and sitting on my Adirondack chair,” he said. “That just might not be it.”
More than one-third, or 37%, of Americans want a retirement that looks different from previous generations, according to a 2024 report from Edelman Financial Engines.
Rating: 5