What is the biggest challenge of retirement?
According to a 2022 survey by the Employee Benefit Research Institute, nearly one-third of retirees report that managing their finances, particularly regarding debt, is a significant challenge. This sheds light on a multifaceted issue, challenging the common misconception that retirement is a worry-free period. The biggest challenge of retirement is not a single issue, but a complex interplay of financial, social, and psychological factors that can impact a senior’s well-being.