Recently Wes Moss was featured in The Street: Retirement Daily article on Factors, Financial and Otherwise, That Can Lead to a Happy Retirement. Read the excerpted section of the article below.
A 2020 meta-analysis found that approximately 28% of retirees are depressed, a significantly higher number than the broader population, with the highest prevalence among those forced into retirement, either due to downsizing or illness. On the flip side, separate research from Age Wave and Merrill Lynch found that 76% of retirees reported often feeling happy, more than any other age group studied. This raises the question of what factors contribute to an individual having a happier retirement.
From his research, Fritz Gilbert, author of “The Retirement Manifesto Blog,” identifies three financial traits and six non-financial traits of happy retirees.
Financial Factors
Gilbert emphasizes that retirees tend to have at least $500,000 in liquid assets, a paid-off mortgage and multiple streams of income. He came to this conclusion upon reading — and subsequently citing — What the Happiest Retirees Know: 10 Habits for a Healthy, Secure, and Joyful Life by Wes Moss, a money educator and writer.
Read the full article here.
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