Men Become More Dependent on Family After Retirement – GOBankingRates

Grandfather teaching his grandkids to save money in piggy bank while sitting on couch at home all smiling.

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Looking at the different ways men and women react to retirement, a recent University of Wisconsin sociology study discovered that men “become more dependent on family” after retirement.

See: 20 Amazing Ways To Live Life to the Fullest When You Retire

Find: Jaw-Dropping Stats About the State of Retirement in America

Men aren’t necessarily financially dependent on other family members once they’ve stopped working. Rather, they rely more on their friends, adult children and extended family to help them fill empty space, according to the Squared Away Blog from the Center for Retirement Research at Boston College.

The survey found that retired men are also more likely to give money to their children or other family members. While the survey doesn’t say that retired men with disposable income are aiming to “buy” time or attention from family members, it does imply that holding wealth in retirement could reduce stress and ease the way for retired men to focus on what has always mattered to them — family and friends — but may have gotten lost in the day-to-day grind of earning a living.

On the other hand, women, who have traditionally taken on more of the responsibility of maintaining relationships, don’t find themselves reaching out any more or less frequently to loved ones. There is one notable exception: Women in retirement often spend more time taking care of their grandchildren.

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About the Author

Dawn Allcot is a full-time freelance writer and content marketing specialist who geeks out about finance, e-commerce, technology, and real estate. Her lengthy list of publishing credits include Bankrate, Lending Tree, and Chase Bank. She is the founder and owner of GeekTravelGuide.net, a travel, technology, and entertainment website. She lives on Long Island, New York, with a veritable menagerie that includes 2 cats, a rambunctious kitten, and three lizards of varying sizes and personalities – plus her two kids and husband. Find her on Twitter, @DawnAllcot.