Life after work can take some getting use to. The change in pace and purpose can stir up mixed emotions and place new-found pressures on mental health.
The M&G Wealth Retirement Revisited Report* has shown that 2 in 5 (42%) are concerned that they’ll be bored in retirement. Fear of loneliness in retirement affects 42%. And almost 1 in 4 (23%) are afraid that spending more time with their partner in retirement could lead to divorce or separation.
The current economic climate isn't helping. Basic items - such as food, clothing and fuel - have become more expensive. We're generally living longer too, leaving many wondering if their money will last. Understandably, this can have a detrimental affect on peace-of-mind, and in turn, physic health. After all, the two are closely linked.
With so much to potentially contend with, it’s no surprise that many are struggling with anxiety and depression – serious conditions that affect millions of people across the world and are more common in older generations**.
Mental health issues used to be considered a taboo subject, and something that was not openly discussed. Thankfully, for the most part, that has now changed and there are plenty of advice and support options available, whatever your age.
*Retirement Revisited report by M&G Wealth, published Oct 22.
**Depression stats, World Health Organisation, here.