2018 Healthy Wealthy and Work-Wise | Mercer

Healthy Wealthy and Work-Wise | Mercer

Healthy, Wealthy and Work-Wise

The New Imperatives for Financial Security

Global Research Report


Time to retire retirement

  • People expect to spend 15-20 years in retirement, but without better planning, many will outlive their income.
  • 2 out of 3 adults expect to live past 80, but only 1 in 3 are confident they will have enough money to afford to do so.
  • 68% of people globally don’t ever expect to retire or expect to keep working after retirement.
  • 86% say that continuing to develop professional and personal capabilities is important.

Time to retire retirement

  • People expect to spend 15-20 years in retirement, but without better planning, many will outlive their income.
  • 2 out of 3 adults expect to live past 80, but only 1 in 3 are confident they will have enough money to afford to do so.
  • 68% of people globally don’t ever expect to retire or expect to keep working after retirement.
  • 86% say that continuing to develop professional and personal capabilities is important.

Time to retire retirement

  • People expect to spend 15-20 years in retirement, but without better planning, many will outlive their income.
  • 2 out of 3 adults expect to live past 80, but only 1 in 3 are confident they will have enough money to afford to do so.
  • 68% of people globally don’t ever expect to retire or expect to keep working after retirement.
  • 86% say that continuing to develop professional and personal capabilities is important.

Time to retire retirement

  • People expect to spend 15-20 years in retirement, but without better planning, many will outlive their income.
  • 2 out of 3 adults expect to live past 80, but only 1 in 3 are confident they will have enough money to afford to do so.
  • 68% of people globally don’t ever expect to retire or expect to keep working after retirement.
  • 86% say that continuing to develop professional and personal capabilities is important.

Time to retire retirement

  • People expect to spend 15-20 years in retirement, but without better planning, many will outlive their income.
  • 2 out of 3 adults expect to live past 80, but only 1 in 3 are confident they will have enough money to afford to do so.
  • 68% of people globally don’t ever expect to retire or expect to keep working after retirement.
  • 86% say that continuing to develop professional and personal capabilities is important.

Time to retire retirement

  • People expect to spend 15-20 years in retirement, but without better planning, many will outlive their income.
  • 2 out of 3 adults expect to live past 80, but only 1 in 3 are confident they will have enough money to afford to do so.
  • 68% of people globally don’t ever expect to retire or expect to keep working after retirement.
  • 86% say that continuing to develop professional and personal capabilities is important.

Time to retire retirement

  • People expect to spend 15-20 years in retirement, but without better planning, many will outlive their income.
  • 2 out of 3 adults expect to live past 80, but only 1 in 3 are confident they will have enough money to afford to do so.
  • 68% of people globally don’t ever expect to retire or expect to keep working after retirement.
  • 86% say that continuing to develop professional and personal capabilities is important.

Time to retire retirement

  • People expect to spend 15-20 years in retirement, but without better planning, many will outlive their income.
  • 2 out of 3 adults expect to live past 80, but only 1 in 3 are confident they will have enough money to afford to do so.
  • 68% of people globally don’t ever expect to retire or expect to keep working after retirement.
  • 86% say that continuing to develop professional and personal capabilities is important.

Time to retire retirement

  • People expect to spend 15-20 years in retirement, but without better planning, many will outlive their income.
  • 2 out of 3 adults expect to live past 80, but only 1 in 3 are confident they will have enough money to afford to do so.
  • 68% of people globally don’t ever expect to retire or expect to keep working after retirement.
  • 86% say that continuing to develop professional and personal capabilities is important.

Ensuring Financial Security for all Requires Structural Changes

  • There is a savings gap, health gap and tools gap — and no one should be left behind.
  • Millennials are the largest segment of the workforce and will change jobs more frequently than any other.
  • Women face a gender gap in salary inequity, career continuity and access to employer-sponsored plans — and are significantly more stressed than men.
  • The “gig” economy and informal workforce face gaps in access and affordability of retirement and benefit plans.

Recap from Davos

On January 24th at the World Economic Forum’s annual meeting in Davos, Switzerland, Mercer’s President and CEO Julio Portalatin and Global Leader for Individual Wealth, Renée McGowan convened leaders from the public and private sector to explore new approaches addressing financial security and to closing the long-term savings gaps. 

Watch a replay of the live stream with guests; Joan Lamm-Tennant, Chief Executive Officer and Founder of Blue Marble Microinsurance a for-profit social enterprise,  Joyce Russell, President of Adecco Staffing US, and Debra Whitman, Chief Public Policy Officer for AARP, and Senator the Hon Mathias Cormann, Minister for Finance, Australia. 

Joan Lamm-Tennant, PhD, CEO and Founder of Blue Marble Micro Limited, shares the importance of rethinking our narrative

Senator the Honourable Mathias Cormann, Minister for Finance of Australia, discusses how we plan and adapt to living longer

Full Replay - Healthy, Wealthy and Work-Wise: New Imperatives for Financial Security Breakfast

How Mercer Can Help

The stress of financial security is impacting all countries, organizations and people and is the next global crisis. Leaders need to work together to ensure financial security does not become the next generation’s burden and the time to cultivate financial security is now.

Mercer’s retirement, investment and financial wellness programs help employees take action and reduce financial worries while employers increase workforce engagement and productivity. Contact us to find out more.

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Online financial tools are flourishing

  • 85% of adults are interested in online financial tools
  • Two-thirds are comfortable managing their savings using mobile banking, online tools or smart apps compared to only 36% being comfortable with robo-advisors.
  • People want do-it-yourself technology tools that are easy-to-use, secure and personalized that empower them to make their own decisions.
  • 79% trust their employers to deliver sound advice on planning, saving and investing.

Time to Retire Retirement

With increasing life expectancies around the world, the customary retirement age is becoming a thing of the past. People are expecting to work well past traditional retirement ages – whether to cover living expenses or to maintain a sense of purpose and meaning in their later years.

  • People expect to spend 15-20 years in retirement, but without better planning, many will outlive their income.
  • 2 out of 3 adults expect to live past 80, but only 1 in 3 are confident they will have enough money to afford to do so.
  • 68% of people globally don’t ever expect to retire or expect to keep working after retirement.
  • 86% say that continuing to develop professional and personal capabilities is important.

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