Not everyone retires with a solid retirement plan, a comfortable nest egg, a healthy retirement spending budget and a pension plan. It’s not always lack of planning, carelessness or a life ridden with bad choices. Retiring isn’t necessarily less stressful than being an employee.
All is not equal
Sometimes circumstances add to this situation of seemingly being ill-prepared for retirement. Events can include health issues, companies closing, partnerships dissolving, medical problems of a family member, and numerous other cases which cost money or lose money. Additionally, some employees earn a substantial income while others make a small income. Obviously, if you’re living paycheck to paycheck while you are employed, there’s less of a chance to save for retirement.
Lower paying positions
Retired people who had lower paying positions may experience as much stress as they had when they were an employee. Retired people who had the better paying positions are found to have less stress than when they went to work every day. When a retired person has to focus so much on making ends meet, it can reduce the peace, calm and happiness of retiring.
While we look forward to retiring and having a flexible schedule, we are often surprised that being retired is not always less stressful.
It’s surprising that those who have retired from lower-ranking jobs do not experience a reduction in stress. The stress of the drive, arriving on-time and reporting to management isn’t necessarily any more comfortable than being concerned about maintaining a comfortable lifestyle and making ends meet.
Retirement is a lifestyle change and often causes a different set stresses including financial stress. Studies show that we are most stressed shortly after waking up with stress levels falling throughout the day and being lowest at bedtime. We need to do our best to reduce our morning stress by finding relaxation techniques and stress lowering methods that work best for you and your circumstance. Stress levels are impacted by the stress people have endured throughout their lives, not merely their immediate situation.
While the lifestyle lived between the high paid executive and the low paid employee are obviously different, retirement doesn’t change this. The lifestyle is still different, and the stress levels rise for the one who has typically always lived paycheck to paycheck.
People in low-level jobs experience more stress than their superiors, and the distance gets even more significant after retirement.
Many health problems are related to stress. With retirement not providing a reduction in stress, ways to manage it must be learned and practiced every day. Retirees from lower paying jobs are less prepared for retirement as there is typically fewer savings, pensions, and retirement spending budgets available.
Effects of stress
Some of the effects of stress can include decreased quality of sleep, higher risk of cardiovascular disease and numerous other health problems. Financial security plays a huge role in determining the amount of stress endured during retirement.
The effects of stress are real and need to be managed. There are many ways to help reduce stress levels. It is important to make an intentional effort to reduce stress.