What do you fear about retirement?

Aug 26, 2010

How American Retirees Spend Their Retierment Life

Ever wonder how American retirees spend their retirement life and the of Top-10 Retirement Activities that they indulge in?

Here, according to a 2009 study by the U.S. Bureau of Labor Statistics is "How Retirees Age 65 to 74 Spend The Hours in Their Day", "

The figures are in hours and the results for the general American population (age 15 years old and older) are in brackets.
    Personal care activities (including sleeping) 9.55 (9.45)
    Eating and drinking 1.45 (1.22)
    Household activities 2.58 (1.80)
    Purchasing goods and services 0.86 (0.76)
    Caring for household members 0.07 (0.54)
    Caring for nonhousehold members 0.30 (0.21)
    Work 1.26 (3.53)
    Education 0.03 (0.46)
    Civic and religious activities 0.55 (0.34)
    Leisure and sports 6.77 (5.25)
    Watching TV 3.58 (2.61)
    Sports and exercise 0.35 (0.29)
    Socializing 0.59 (0.52)
    Reading 0.71 (0.33)
    Relaxing/thinking 0.44 (0.24)
    Leisure computer use 0.41 (0.36)
    Telephone calls, mail, and e-mail 0.25 (0.20)
    Other activities 0.34 (0.24)
Social Security has become a controversial issue in the U.S. lately. See my comment in relation to Social Security Is a Great Way to Be Deceived

Also see: Retirement Resources for Retirees
For some new best retirement quotes see:
      Here are some new not-so-funny and funny retirement quotes that come from these websites and give retirement advice for retirees:
        "The new retirement reality may be a messy proposition"
        — Alicia Munnell, director of the Center for Retirement Research at Boston College.

        "We have a manufactured vision of what retirement is, and that doesn't necessarily correlate with reality. Unless you have a well-thought-out scenario, you're going to be in for a shock at retirement."
        — Paul Allen, 64, a self-employed software developer in Dallas

        "It [retirement] was absolutely boring. You can't go and say, 'I'm retired now. That's it!' It won't take long and you're really gone for good and someone throws the last shovel of dirt on a coffin with your name on it. That's the moment you're really retiring — when you die."
        — Ozzy Osbourne

        If you have debt and you are going into retirement,
        I don't think you are ready for retirement,"
        — Gary Gilgen, a certified financial advisor and director of the financial
        planning department at Rehmann Financial in Troy, Mich

        Why shouldn't retirees expect some reduction in Social Security and Medicare benefits, and soon? Before we retired, or will retire, we lived beyond our means by voting for those congressmen who would keep taxes low and borrow from the trust funds to pay government bills. Woe to the politician who would ask us to fully pay the taxes necessary for the services we expected from government.
        This large accumulated debt to the funds is coming due. So we have an obligation to help pay it off by accepting less from them or paying higher taxes on our retirement income. As retirees, we have no right to just pass our debt off on our kids. We certainly helped create it and should help pay it off.
        — Werner Gruhl, Columbia

      No comments: