Ask the average Millennial, and they’ll say they hope to retire by 56. The average Baby Boomer hopes to retire around 60.
What time does the average person actually retire? Currently, that number is 63.
One of the main reasons for this discrepancy is that most people don’t know how much money they’ll actually need to retire. The current rates of inflation certainly aren’t helping.
While those polled by Provision Living estimate they’ll need between $574K and $687K, most experts say the real number is at least $1 million.
For those charged with hiring right now, retirement benefits can move the needle. For the job seekers I work with every day in my role as a recruiter, retirement benefits aren’t the number-one topic of conversation, but they’re certainly a factor and can be the tiebreaker between two equally coveted roles.
#retirementbenefits #warfortalent #hiring
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