Featured Research

from universities, journals, and other organizations

Australian Men Risk Being Lonely And Isolated In Retirement

Date:
June 2, 2009
Source:
University of New South Wales
Summary:
Men are planning for their financial security in retirement but not for their happiness, according to a survey revealing that more women than men plan for their health and leisure interests before they stop working.

Men are planning for their financial security in retirement but not for their happiness, according to a survey revealing that more women than men plan for their health and leisure interests before they stop working.

Related Articles


Published in the Journal of Psychology and Aging, the survey suggests men could find retirement lonely and isolating unless they build social and leisure networks before they leave the workforce, says the report's co-author, UNSW psychologist, Dr Joanne Earl. The report's findings are based on a survey of 377 men and women aged 50-66 years.

"Our finding is significant because a person's level of leisure involvement during their working years tends to predict their involvement during retirement," Dr Earl says. "People are less likely to start new activities after retirement, so getting involved in activities and social activities pre-retirement make good sense.

"If the men we surveyed are representative, Australia's male Baby Boomers could be in for a tough time during retirement," says Dr Earl. "There is a strong emphasis in society to plan and save money for retirement but I think the bigger questions are: 'What am I saving for?' and, 'What do I really want to do when I retire?'."

Employers should be helping workers to plan for all facets of their retirement, not just their financial futures, according to Dr Earl: "If working people approaching retirement were helped to answer these types of questions, they could plan more adequately for a satisfying future beyond work."

ABS data reveals that 48 percent of full-time workers plan to switch to part-time work before they retire – an indication that employers need career development programs to assist mature age workers to transition to part-time work before they leave the paid workforce.

Dr Earl and her UNSW colleague PhD student Alexa Muratore have developed a measure to assist people to consider the range of activities necessary for retirement planning. Seventy percent (70%) of people completing the survey have said it helped them identify aspects of retirement worth considering.

The survey can be completed here: http://www.surveys.unsw.edu.au/survey/154445/1dac/

Other key survey findings

  • Older workers are more likely to plan financially for their retirement than younger workers.
  • High income workers are less likely to plan their post-retirement pursuits than lower-income workers.
  • Women and with higher income and education levels were more likely to engage in health-promoting activities than men, workers with lower incomes and those with less education.

Retirement intentions – ABS data (source: 2007 Survey of Employment Arrangements, Retirement and Superannuation, Catalogue no. 6361.0)

  • 7.7 million Australians are aged 45 years and over.
  • 3.3 million people aged 45 and over are in full-time employment. More than 3 million people aged 45 and over are retired.
  • Eighty-five percent (85%) of working Australians aged 45 and over plan to retire from the workforce in the next 20 years. The remainder (15%) doesn't plan to retire.
  • Full-time workers represent 71% of workers planning to retire in the next 20 years. Of these, nearly one-third (32%) plan to continue working full-time until they retire from the workforce, while nearly half (48%) plan to switch to part-time work before retiring.

The transition plans of full-time employed men and women who intend to retire is similar: 33 per cent of men and 29 per cent of women plan to continue working full-time work before retiring. Forty-seven per cent of men and 51 per cent of women plan to work part-time before they retire.


Story Source:

The above story is based on materials provided by University of New South Wales. Note: Materials may be edited for content and length.


Cite This Page:

University of New South Wales. "Australian Men Risk Being Lonely And Isolated In Retirement." ScienceDaily. ScienceDaily, 2 June 2009. <www.sciencedaily.com/releases/2009/06/090602101300.htm>.
University of New South Wales. (2009, June 2). Australian Men Risk Being Lonely And Isolated In Retirement. ScienceDaily. Retrieved October 25, 2014 from www.sciencedaily.com/releases/2009/06/090602101300.htm
University of New South Wales. "Australian Men Risk Being Lonely And Isolated In Retirement." ScienceDaily. www.sciencedaily.com/releases/2009/06/090602101300.htm (accessed October 25, 2014).

Share This



More Health & Medicine News

Saturday, October 25, 2014

Featured Research

from universities, journals, and other organizations


Featured Videos

from AP, Reuters, AFP, and other news services

Texas Nurse Nina Pham Cured of Ebola

Texas Nurse Nina Pham Cured of Ebola

AFP (Oct. 25, 2014) — An American nurse who contracted Ebola while caring for a Liberian patient in Texas has been declared free of the virus and will leave the hospital. Duration: 01:01 Video provided by AFP
Powered by NewsLook.com
IKEA Desk Converts From Standing to Sitting With One Button

IKEA Desk Converts From Standing to Sitting With One Button

Buzz60 (Oct. 24, 2014) — IKEA is out with a new convertible desk that can convert from a sitting desk to a standing one with just the push of a button. Jen Markham explains. Video provided by Buzz60
Powered by NewsLook.com
Ebola Protective Suits Being Made in China

Ebola Protective Suits Being Made in China

AFP (Oct. 24, 2014) — A factory in China is busy making Ebola protective suits for healthcare workers and others fighting the spread of the virus. Duration: 00:38 Video provided by AFP
Powered by NewsLook.com
WHO: Millions of Ebola Vaccine Doses by 2015

WHO: Millions of Ebola Vaccine Doses by 2015

AP (Oct. 24, 2014) — The World Health Organization said on Friday that millions of doses of two experimental Ebola vaccines could be ready for use in 2015 and five more experimental vaccines would start being tested in March. (Oct. 24) Video provided by AP
Powered by NewsLook.com

Search ScienceDaily

Number of stories in archives: 140,361

Find with keyword(s):
 
Enter a keyword or phrase to search ScienceDaily for related topics and research stories.

Save/Print:
Share:  

Breaking News:

Strange & Offbeat Stories

 

Health & Medicine

Mind & Brain

Living & Well

In Other News

... from NewsDaily.com

Science News

Health News

Environment News

Technology News



Save/Print:
Share:  

Free Subscriptions


Get the latest science news with ScienceDaily's free email newsletters, updated daily and weekly. Or view hourly updated newsfeeds in your RSS reader:

Get Social & Mobile


Keep up to date with the latest news from ScienceDaily via social networks and mobile apps:

Have Feedback?


Tell us what you think of ScienceDaily -- we welcome both positive and negative comments. Have any problems using the site? Questions?
Mobile iPhone Android Web
Follow Facebook Twitter Google+
Subscribe RSS Feeds Email Newsletters
Latest Headlines Health & Medicine Mind & Brain Space & Time Matter & Energy Computers & Math Plants & Animals Earth & Climate Fossils & Ruins