Forum for Science, Industry and Business

Sponsored by:     3M 
Search our Site:

 

Australian men risk being lonely and isolated in retirement: Survey

04.06.2009
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.

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.

Dr. Joanne Earl | EurekAlert!
Further information:
http://www.unsw.edu.au

More articles from Studies and Analyses:

nachricht Smart Data Transformation – Surfing the Big Wave
02.12.2016 | Fraunhofer-Institut für Angewandte Informationstechnik FIT

nachricht Climate change could outpace EPA Lake Champlain protections
18.11.2016 | University of Vermont

All articles from Studies and Analyses >>>

The most recent press releases about innovation >>>

Die letzten 5 Focus-News des innovations-reports im Überblick:

Im Focus: Significantly more productivity in USP lasers

In recent years, lasers with ultrashort pulses (USP) down to the femtosecond range have become established on an industrial scale. They could advance some applications with the much-lauded “cold ablation” – if that meant they would then achieve more throughput. A new generation of process engineering that will address this issue in particular will be discussed at the “4th UKP Workshop – Ultrafast Laser Technology” in April 2017.

Even back in the 1990s, scientists were comparing materials processing with nanosecond, picosecond and femtosesecond pulses. The result was surprising:...

Im Focus: Shape matters when light meets atom

Mapping the interaction of a single atom with a single photon may inform design of quantum devices

Have you ever wondered how you see the world? Vision is about photons of light, which are packets of energy, interacting with the atoms or molecules in what...

Im Focus: Novel silicon etching technique crafts 3-D gradient refractive index micro-optics

A multi-institutional research collaboration has created a novel approach for fabricating three-dimensional micro-optics through the shape-defined formation of porous silicon (PSi), with broad impacts in integrated optoelectronics, imaging, and photovoltaics.

Working with colleagues at Stanford and The Dow Chemical Company, researchers at the University of Illinois at Urbana-Champaign fabricated 3-D birefringent...

Im Focus: Quantum Particles Form Droplets

In experiments with magnetic atoms conducted at extremely low temperatures, scientists have demonstrated a unique phase of matter: The atoms form a new type of quantum liquid or quantum droplet state. These so called quantum droplets may preserve their form in absence of external confinement because of quantum effects. The joint team of experimental physicists from Innsbruck and theoretical physicists from Hannover report on their findings in the journal Physical Review X.

“Our Quantum droplets are in the gas phase but they still drop like a rock,” explains experimental physicist Francesca Ferlaino when talking about the...

Im Focus: MADMAX: Max Planck Institute for Physics takes up axion research

The Max Planck Institute for Physics (MPP) is opening up a new research field. A workshop from November 21 - 22, 2016 will mark the start of activities for an innovative axion experiment. Axions are still only purely hypothetical particles. Their detection could solve two fundamental problems in particle physics: What dark matter consists of and why it has not yet been possible to directly observe a CP violation for the strong interaction.

The “MADMAX” project is the MPP’s commitment to axion research. Axions are so far only a theoretical prediction and are difficult to detect: on the one hand,...

All Focus news of the innovation-report >>>

Anzeige

Anzeige

Event News

ICTM Conference 2017: Production technology for turbomachine manufacturing of the future

16.11.2016 | Event News

Innovation Day Laser Technology – Laser Additive Manufacturing

01.11.2016 | Event News

#IC2S2: When Social Science meets Computer Science - GESIS will host the IC2S2 conference 2017

14.10.2016 | Event News

 
Latest News

Robot on demand: Mobile machining of aircraft components with high precision

06.12.2016 | Power and Electrical Engineering

A new dead zone in the Indian Ocean could impact future marine nutrient balance

06.12.2016 | Earth Sciences

Significantly more productivity in USP lasers

06.12.2016 | Physics and Astronomy

VideoLinks
B2B-VideoLinks
More VideoLinks >>>