• Gen X and Millennials are leading the charge in the US in planning mini retirements to focus on family and personal passions.
• This new “work-retire-work model” 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.
• 65% of U.S. respondents believe a mini retirement will improve their quality of life.

Retirement is being quietly replaced by a new rhythm. HSBC’s Quality of Life: Affluent Investor Snapshot report, 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 “multi retirements¹.”

In 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.

The 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.

“Wealth is about freedom, choice, and purposeful living,” says HSBC U.S. Head of International Wealth and Private Banking Racquel Oden. “Multi 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.”

According 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.

In the U.S., Gen Z are the most confident cohort in planning and managing multi retirements, with 77% saying they feel well-prepared – 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%).

The 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%).

Top Generational Motivations for a Mini Retirement in the U.S.

• Gen Z
  • Seek to pursue lifelong passions, personal development, and growth activities (33%)
• Millennials
  • Spend quality time with family (38%)
• Gen X
  • Travel and explore without constraints (38%)
• Boomers
  • Focus on Individual wellbeing (40%)

To learn more about HSBC’s 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.

About HSBC

HSBC Holdings plc, the parent company of HSBC, 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’s largest banking and financial services organisations.

HSBC Bank USA, National Association (HSBC Bank USA, N.A.) 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.

For more information, visit: HSBC in the USA.

About the survey

The Affluent Investor Snapshot 2025, a global Quality of Life special report by HSBC, delves into the investment portfolios, behaviours, and priorities of affluent individuals worldwide. Conducted in March 2025 through an online survey across 12 markets, the research captures insights from 10,797 affluent investors aged 21 to 69, each possessing investable assets ranging from USD 100k to USD 2M.

HSBC launched the inaugural edition of the Quality of Life report in 2023 to explore the concept of a good Quality of Life across different generation of affluent individuals and investigate the relationship between physical and mental wellness, and financial fitness.

The study was conducted by Ipsos Asia Limited.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250903375633/en/

“Wealth is about freedom, choice, and purposeful living."