Fidelity survey reveals 70% of Americans consider gig work or entrepreneurship over traditional retirement, with sharp generational differences.
Seven in ten Americans would forgo traditional retirement for gig work, business ownership, or a new career, according to a recent study. The shift reflects changing attitudes toward retirement as a transition rather than a full exit from the workforce.
Gen Z leads the trend, with 45% open to entrepreneurship, while 70% of Baby Boomers reject non-traditional paths. Retirees with written financial plans report twice the confidence and higher savings rates compared to those without.
The findings highlight a growing divide in retirement expectations across generations, with younger workers prioritizing flexibility and continued income streams over traditional retirement models.