Affluent Adults Embrace 'Multi Retirements' for Enhanced Quality of Life
A new trend is emerging among affluent adults worldwide: 'multi retirements'. This involves taking multiple career breaks, lasting from a few months to a few years, to travel, pursue hobbies, or develop new skills. A recent survey by HSBC, the Affluent Investor Snapshot 2025, reveals that almost half of those planning these breaks intend to take between two and three, with a preferred duration of 6 to 12 months.
The global average spending per mini retirement is estimated at $339,800 USD. The survey, which covered over 10,000 affluent adults in 12 markets worldwide, found that Gen Z are the most confident in planning and managing these breaks, followed by Millennials, Baby Boomers, and Gen X. Notably, Gen Z and Millennials aspire to take an average of three mini retirements in their lifetime, with Gen X and Baby Boomers planning for two to three. The ideal age to take the first mini retirement is 47 years old.
Top motivations for taking a mini retirement include spending quality time with family, focusing on individual well-being, and traveling. Those who have taken multiple mini retirements describe them as enhancing their overall quality of life, marking a shift from the traditional concept of retirement.
The trend of multi retirements is on the rise, with affluent adults worldwide embracing the idea of multiple career breaks. With careful planning and management, these breaks can significantly improve one's quality of life, as evident from those who have already taken them. As the global average spending per mini retirement is around $339,800 USD, it's crucial for individuals to plan and invest accordingly to make the most of these enriching experiences.
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