According to recent research from Empower, 58% of Americans say they may continue to work in retirement. And while financial needs are a concern, they are not considered the No. 1 reason Americans don’t want to commit to retirement full time.
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Here are the main reasons why Americans give up their rocking chairs to dedicate more time to work in retirement.
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According to the Empower survey, 41% of respondents said personal fulfillment is the top reason they don’t want to retire from their full-time career. According to Indeed, the drivers of career fulfillment can include doing what you love, making a difference and creating meaningful work.
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Personal fulfillment is followed by financial needs when it comes to reasons to forgo full-time retirement. 40% of respondents said not having enough money in retirement pushes them to continue working part of the time.
Maintain a daily routine
Ending up sitting on your hands and staring at four walls is a real worry for retirees. Over a third (37%) of respondents said they do not plan to retire full time because they want to maintain a daily routine.
Sense of purpose
It makes sense: After spending decades in a career, suddenly quitting could make you feel disconnected. That’s why 37% of future retirees aren’t ready to completely let go of their business: they fear losing their sense of purpose.
If getting extra income isn’t a problem, volunteering can help retirees have meaning or purpose. Additionally, investing time in intergenerational relationships, such as taking your grandson fishing, can also be a good way to feel useful.
Retirees who have intellectually stimulating work will lose it if they become full-time retirees. According to a Pew Research Center study, 27 percent of adults age 60 and older live alone, meaning intellectual stimulation from a partner or roommate is unavailable.
Reading nonfiction books, doing online research, or watching documentaries are ways to get intellectual stimulation in retirement.
Retirees who find themselves with endless free time can fall victim to the armchair and the television screen. According to the Empower study, 36% of respondents said they fear a lack of physical activity if they opt for full-time retirement.
Taking up a new active hobby, like gardening, or finding a fitness buddy to take daily walks with are two ways to stay active in retirement.
Lack of social interaction is another reason Americans say they don’t want to fully retire. According to the study, 27% of respondents think so. Joining a social club, meeting friends for coffee every week, or attending a fitness center designated for seniors can serve as a way to get regular social interactions.
A quarter of people nearing retirement say they don’t want to retire full time because they want a creative outlet. According to Indeed, creative jobs for retirees include a wedding photographer, book editor, or art teacher.
To pursue a passion
With a retirement annuity, money from investments, or other forms of income during retirement, many retirees no longer need to focus on a profitable career. As a result, some future retirees – 24% – have a second career in mind, particularly one that will allow them to pursue a passion instead of retiring completely.
To learn something new
Last but not least, 23% of respondents said they would give up full-time retirement in favor of learning something new. A side hustle is a great way to learn something new and will still allow time for hobbies and social interactions.
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This article originally appeared on GOBankingRates.com: 10 Reasons Americans Don’t Want to Retire Full-Time