{"id":4922,"date":"2022-03-09T10:00:04","date_gmt":"2022-03-09T10:00:04","guid":{"rendered":"https:\/\/new.contentdeployment.co.uk\/tomd\/?p=4922"},"modified":"2022-03-09T10:00:06","modified_gmt":"2022-03-09T10:00:06","slug":"the-late-financial-bloomer-faces-a-complex-retirement-journey","status":"publish","type":"post","link":"https:\/\/new.contentdeployment.co.uk\/tomd\/2022\/03\/09\/the-late-financial-bloomer-faces-a-complex-retirement-journey\/","title":{"rendered":"The \u2018Late Financial Bloomer\u2019 faces a complex retirement journey"},"content":{"rendered":"<div class=\"hd-block hd-block-paragraph\">\n<p><strong>A new group of\nconsumers, dubbed the \u2018Late Financial Bloomers\u2019 are set to change the face of\nretirement<sup>1<\/sup>. An array of socioeconomic factors, such as later home\nownership, are the primary drivers behind this shift.<\/strong><\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>Divorce and marriage trends are also key\ncontributors, as is later childbirth. First marriages now take place four years\nlater than they did 20 years ago; similarly, divorce rates peak 20 years later\nthan they did two decades previously. With more women over 40 now giving birth\neach year than those under 20, a growing proportion of the population will be\nsupporting children through education later in life, diverting attention from\nretirement planning.<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>Currently, accounting for just 6% of\nretirees, the number of Late Financial Bloomers is set to rise considerably\nover the next 15 years or so. The trend towards later financial security means\nan increasing number of people will face complex retirement journeys,\nhighlighting the requirement to plan ahead.<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><sup>1<\/sup>Canada Life, 2021<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><strong>The value of\ninvestments and income from them may go down. You may not get back the original\namount invested. A pension is a long-term investment. The fund value may\nfluctuate and can go down. Your eventual income may depend on the size of the\nfund at retirement, future interest rates and tax legislation. <\/strong><\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>A new group of consumers, dubbed the \u2018Late Financial Bloomers\u2019 are set to change the face of retirement1. An array of socioeconomic factors, such as later home ownership, are the primary drivers behind this shift. Divorce and marriage trends are also key contributors, as is later childbirth. First marriages now take place four years later [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":4923,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[32,89,88,90],"tags":[],"hd_content_source":[],"_links":{"self":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts\/4922"}],"collection":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/comments?post=4922"}],"version-history":[{"count":3,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts\/4922\/revisions"}],"predecessor-version":[{"id":4926,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts\/4922\/revisions\/4926"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/media\/4923"}],"wp:attachment":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/media?parent=4922"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/categories?post=4922"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/tags?post=4922"},{"taxonomy":"hd_content_source","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/hd_content_source?post=4922"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}