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- \nGen X and Millennials are leading the charge in the US in planning mini retirements to focus on family and personal passions.<\/p>\n<\/li>\n
- \nThis new \u201cwork-retire-work model\u201d follows a five-year cycle, with 47% of those in the U.S. considering a mini retirement planning to take between two and three across their lifetime.<\/p>\n<\/li>\n
- \n65% of U.S. respondents believe a mini retirement will improve their quality of life.<\/p>\n<\/li>\n<\/ul>\n
NEW YORK–(BUSINESS WIRE<\/a>)–
\nRetirement is being quietly replaced by a new rhythm. HSBC\u2019s Quality of Life: Affluent Investor Snapshot report<\/a>, which surveyed more than 10,000 affluent adults in 12 markets around the world, reveals people are taking multiple intentional pauses from their career, to realign or reinvent themselves in breaks called \u201cmulti retirements1<\/sup>.\u201d<\/p>\n\nIn the U.S., study results show that 37% of respondents plan to take a mini retirement, with a preferred duration of 6 to 12 months and the ideal age to take the first break being 46 years old. This trend can be seen across all generations, led by Gen X and Millennials who aspire to take an average of three mini retirements in their lifetime. Gen Z (2.9) and Baby Boomers (2.9) follow closely behind.<\/p>\n
\nThe research shows that most U.S. respondents (40%) intend to spend under $100,000 during their mini retirement with the top three income sources being personal savings (49%); dividends, interest, and capital gains (41%); and part-time jobs or freelance projects (36%). On average, U.S. respondents aim to save about $530,000 before starting a mini retirement.<\/p>\n
\n\u201cWealth is about freedom, choice, and purposeful living,\u201d says HSBC U.S. Head of International Wealth and Private Banking Racquel Oden. \u201cMulti retirements are offering individuals the ability to start a business, help their community, pursue passions, and make a lasting impact on the world around them. This journey requires careful planning, saving and budgeting to achieve these long-term objectives.\u201d<\/p>\n
\nAccording to the global study results, the majority (87%) of those who have taken mini retirements have described them as enhancing their overall quality of life.<\/p>\n
\nIn the U.S., Gen Z are the most confident cohort in planning and managing multi retirements, with 77% saying they feel well-prepared \u2013 including assessing their current financial situation and creating a structured plan for re-entry into the job market. They are closely followed by Millennials (76%), Baby Boomers (74%), and Gen X (70%).<\/p>\n
\nThe top three challenges in the U.S. associated with mini retirements included financial security concerns (39%); family obligations and responsibilities (34%); and anxiety about re-entering the job market (32%).<\/p>\n
Top Generational Motivations for a Mini Retirement in the U.S.<\/b><\/p>\n
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- \nGen Z<\/p>\n
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- \nSeek to pursue lifelong passions, personal development, and growth activities (33%)<\/p>\n<\/li>\n<\/ul>\n<\/li>\n
- \nMillennials<\/p>\n
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- \nSpend quality time with family (38%)<\/p>\n<\/li>\n<\/ul>\n<\/li>\n
- \nGen X<\/p>\n
- \n
- \nTravel and explore without constraints (38%)<\/p>\n<\/li>\n<\/ul>\n<\/li>\n
- \nBoomers<\/p>\n
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- \nFocus on Individual wellbeing (40%)<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n
\nTo learn more about HSBC\u2019s global network, suite of resources and partnerships equip customers with the tools to plan and budget for their multi retirement and traditional retirements, click here<\/a>.<\/p>\n
About HSBC<\/b><\/p>\n
HSBC Holdings plc, the parent company of HSBC<\/b>, is headquartered in London. HSBC serves customers worldwide from offices in 57 countries and territories. With assets of US$3,214bn at 30 June 2025, HSBC is one of the world\u2019s largest banking and financial services organisations.<\/p>\n
HSBC Bank USA, National Association (HSBC Bank USA, N.A.)<\/b> serves customers through International Wealth and Premier Banking (IWPB) and Corporate and Institutional Banking (CIB). Deposit products are offered by HSBC Bank USA, N.A., Member FDIC. It operates Wealth Centers in: California; Washington, D.C.; Florida; New Jersey; New York; Virginia; and Washington. HSBC Bank USA, N.A. is the principal subsidiary of HSBC USA Inc., a wholly-owned subsidiary of HSBC North America Holdings Inc. HSBC Innovation Banking in the U.S. is a business division with services provided in the United States by HSBC Bank USA, N.A.<\/p>\n
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\n ________________________________<\/td>\n<\/tr>\n \n \n 1<\/sup> Notes to editors: \u2018Multi Retirements\u2019 <\/b>can be defined as taking multiple \u2018Mini\u2019 or \u2018Micro Retirements\u2019: career breaks from your regular job, lasting from a few months to a few years, taken to travel, pursue hobbies and interests, or develop new skills, with the intention of returning to work afterwards. It’s like a sabbatical but usually lasts longer and may involve more significant life changes.<\/p>\n<\/td>\n<\/tr>\n<\/table>\n
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View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20250903375633\/en\/<\/a><\/span><\/p>\n
Media Enquiries
\n<\/span><\/b>
Matt Kozar
\n
Vice President of External Communications, US
\n
matt.kozar@us.hsbc.com
\n<\/a><\/p>\n
- \nFocus on Individual wellbeing (40%)<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n
- \nGen Z<\/p>\n