{"id":2435,"date":"2023-11-02T06:19:26","date_gmt":"2023-11-02T06:19:26","guid":{"rendered":"https:\/\/blog.villages.com.au\/?p=2435"},"modified":"2023-11-02T06:19:26","modified_gmt":"2023-11-02T06:19:26","slug":"the-lifestyle-years-what-are-they","status":"publish","type":"post","link":"https:\/\/blog.villages.com.au\/retirement\/the-lifestyle-years-what-are-they\/","title":{"rendered":"The Lifestyle Years: what are they?"},"content":{"rendered":"\n

In a new report, demographer Bernard Salt said there has been a shift in the nation\u2019s workforce, with more people aged over 55 opting to work \u201clonger but lighter\u201d.<\/strong><\/p>\n\n\n\n

More Australian pre-retirees are choosing to stay in the workplace for longer to stay active and ease their financial burdens in increasingly costly times during what Bernard has dubbed \u201cThe Lifestyle Years\u201d.<\/p>\n\n\n\n

The report, conducted by Amazon Australia in partnership with The Demographics Group, drew upon a range of demographic, social and cultural indicators sourced from the Australian Bureau of Statistics (ABS).<\/p>\n\n\n\n

The Retirement Living Council has not reported any change in the age of people entering retirement living with the average age remaining at 75 years for at least five years.   <\/p>\n\n\n\n

Bernard said the findings, which showed more older Australians were blending work with lifestyle because of longer life expectancy, marked \u201cnew territory\u201d.<\/p>\n\n\n\n

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\u201cIt\u2019s almost like we\u2019re discovering there\u2019s a whole new continent that exists just beyond the age of 55 to 69,\u201d he said.<\/p>\n<\/blockquote>\n<\/blockquote>\n\n\n\n

\u201cAnd what we do with those years, I think, is dramatically changing. And now we\u2019re blurring and blending work with lifestyle, with retirement in those years.\u201d<\/p>\n\n\n\n

Older Australians who were not ready to pull the pin on working life felt a sense of empowerment when they took on roles of their choosing that aligned with their lifestyles, such as casual work, the report found.<\/p>\n\n\n\n

\u201cWe\u2019ve seen it make such a difference to many individuals around their quality of life, how they feel about themselves, feeling valued,\u201d he said.<\/strong><\/p>\n\n\n\n

Financial planner Jenny Brown, CEO, and founder of JBS Financial Strategists, said there are numerous financial benefits for pre-retirees who decided to work for longer.<\/p>\n\n\n\n

\u201cBy continuing to work longer, it will save drawing down on your super, for another 5 to 10 years, allowing for compound interest to take effect,\u201d she said.<\/p>\n\n\n\n

Good to know.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

In a new report, demographer Bernard Salt said there has been a shift in the nation\u2019s workforce, with more people aged over 55 opting to work \u201clonger but lighter\u201d. More Australian pre-retirees are choosing to stay in the workplace for longer to stay active and…<\/p>\n","protected":false},"author":1,"featured_media":2436,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","om_disable_all_campaigns":false,"_mi_skip_tracking":false,"footnotes":""},"categories":[71,70],"tags":[97,95],"class_list":["post-2435","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-money","category-retirement","tag-explained","tag-tips"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.villages.com.au/blog\/wp-json\/wp\/v2\/posts\/2435","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.villages.com.au/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.villages.com.au/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.villages.com.au/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.villages.com.au/blog\/wp-json\/wp\/v2\/comments?post=2435"}],"version-history":[{"count":1,"href":"https:\/\/www.villages.com.au/blog\/wp-json\/wp\/v2\/posts\/2435\/revisions"}],"predecessor-version":[{"id":2437,"href":"https:\/\/www.villages.com.au/blog\/wp-json\/wp\/v2\/posts\/2435\/revisions\/2437"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.villages.com.au/blog\/wp-json\/wp\/v2\/media\/2436"}],"wp:attachment":[{"href":"https:\/\/www.villages.com.au/blog\/wp-json\/wp\/v2\/media?parent=2435"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.villages.com.au/blog\/wp-json\/wp\/v2\/categories?post=2435"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.villages.com.au/blog\/wp-json\/wp\/v2\/tags?post=2435"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}