Gen Z & Millennials Lead New 'Mini Retirement' Trend
A new trend is emerging in retirement planning, with people opting for multiple 'mini retirements' instead of one long retirement. A global survey by HSBC reveals insights into this shift, with Gen Z and Millennials leading the way.
The Affluent Investor Snapshot 2025 report by HSBC surveyed over 10,000 affluent adults worldwide, uncovering the trend of 'multi retirements'. This involves taking multiple 'Mini' or 'Micro Retirements', lasting from a few months to a few years.
Gen Z and Millennials are at the forefront of this trend, aspiring to take an average of three mini retirements in their lifetime, compared to two to three planned by Gen X and Baby Boomers. Gen Z, in particular, shows confidence in planning and managing these pauses, with 77% feeling well-prepared. The estimated global average spending per mini retirement is $339,800, with most respondents estimating up to $100,000.
Top motivations for taking a mini retirement include spending quality time with family (34%), focusing on individual well-being (31%), and traveling (30%). The ideal age to take the first mini retirement is 47 years old, with almost half (49%) planning to take between two and three, each lasting 6 to 12 months. Those who have taken multiple mini retirements overwhelmingly (87%) describe them as enhancing their overall quality of life.
The trend of 'multi retirements' is reshaping traditional retirement planning, with Gen Z and Millennials leading the way. These intentional pauses from work, driven by personal well-being and family time, are seen as enriching life experiences.
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