Happiness is not a single thing, but a collection of variables that when thoughtfully combined can unlock the virtues of innovation, prosperity and generosity.
Leveraging our Global Retirement Reality Report (GR3) data, we are examining what makes for retirement happiness, including:
Trust in the systems that provide an apparatus for and govern the savings experience
Ownership of the individuals who participate in retirement savings
Preparedness as expressed by individuals’ confidence regarding their level of retirement readiness
From Organisation for Economic Co-operation and Development (OECD) statistics to the Melbourne Mercer Global Pension Index, there is extensive data measuring savings adequacy and retirement system effectiveness. While these studies provide a quantitative baseline and enable a common starting point, our goal is to look beyond quantitative measures to understand how people truly feel.
Guided by GR3 survey respondents’ retirement realities, we scrutinized the gap between saving sufficiency and sentiment and explored alternative variables to the happiness formula.