Sign Up
Logo
Log In
Home
Newsletters
Podcast
Water Cooler
chart-line-up
Get our free daily news briefing for Canadians

Young people are heading out on mini-retirements

Sep 10, 2024

Young people are heading out on mini-retirements

More young people are flipping the script on saving for retirement. A growing number of young people are saving for mini-retirements, during which they take time off to travel and enjoy life while they’re still young. For them, the idea of hitting pause on their careers and retirement savings during their prime years is worth it to avoid burnout and make the most of life. About 74% of young Canadians think they’ll be working longer than the traditional age of 65 anyway, so taking a couple of years off in the middle is a way to prepare for the long road ahead. This movement runs counter to the FIRE (financially independent, retire early) mindset, which has people saving up to 50% of their income each month so they can retire early. But in recent months, even some FIRE advocates have come forward to admit they wished they lived more when they were younger. 

Get the newsletter 160,000+ Canadians start their day with.

“Quickly became the only newsletter I open every morning. I like that I know what’s going on, but don’t feel shitty after I finish reading.” -Amy, reader since 2022

The Peak

Home

Peak Daily

Peak Money

About

Advertise

Contact

Search

Login

Reset Password

Sign Up