High-net-workers redefining retirement

Slicing and dicing the body of American workers has come up with a new demographic: the high-net-worker, with a high income and spending habits to match, an apparently inexhaustible appetite for work and scorn for the very idea of retirement.

By Marlene Y. Satter | Updated on May 08, 2015

Slicing and dicing the body of American workers has come up with a new demographic: the “high-net-worker,” with a high income and spending habits to match, an apparently inexhaustible appetite for work and scorn for the very idea of retirement.

These HNWs, according to EverBank research, are between 41–63 years old. They have an average household income of $374,000 and median investable assets between $750,000 to $1 million.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account? Sign In Now

NOT FOR REPRINT

Dig Deeper

Retirement Trends

Recommended Stories

IRS issues guidance for employers that adopt key SECURE 2.0 provisions

Lynn Cavanaugh | September 04, 2024

The IRS's new fact sheet includes guidance for provisions on de minimis financial incentives, Roth SIMPLE and SEP IRAs and designated Roth matching contributions – and how these provisions impact how certain amounts are reported on their W-2s.

Tomorrow is 401(k) Day! PSCA releases ready-to-go campaign for employers, plan sponsors

Lynn Cavanaugh | September 05, 2024

The Plan Sponsor Council of America has launched a handy and customizable “Building Your Financial Future” educational campaign to help employers and plan sponsors recognize 401(k) Day tomorrow, September 6.

Best health insurance brands in 2024

Lily Peterson | September 06, 2024

Six health insurance carriers are included in Newsweek's "America's Best of the Best 2024".

Resource Center

Guide

BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Exclusive discounts on BenefitsPRO.com and ALM events.