"Health Management Determines Quality of Life After Retirement" NH Securities, THE100 Report

NH Investment & Securities 100-Year Life Research Institute announced on August 5 that it had published issue no. 130 of THE100 Report, titled “Life After Retirement, Looking Ahead and Preparing In Advance (Part 3) – Health and Leisure,” which provides an in-depth analysis of the realities of health and leisure activities that determine quality of life after retirement.

THE100 Report is a research publication by the NH Investment & Securities 100-Year Life Research Institute covering a variety of topics such as stable asset management for centenarian lifestyles and aging trends, and has been published continuously since 2014.

This 130th issue points out that in 2023, the life expectancy at age 65 was calculated at 21.5 years, and at age 75, 13.2 years, explaining that post-retirement should be viewed as a long period spanning around 20 years.

It was noted that the annual per capita healthcare expenditure for those aged 65 or older was 5,306,000 won, with an out-of-pocket cost of 1,252,000 won. The health screening rate stood at 69.3%. The rate of practicing physical activity was 45.8% for walking, 33.0% for aerobic activity, and 24.8% for strength training. The report explained that regular health checkups and exercise need to become repeatable lifestyle habits.

In 2024, daily leisure time for seniors was 7 hours and 3 minutes, but the largest share—4 hours and 6 minutes—was spent consuming media. While 40.2% of seniors reported satisfaction with their leisure time, only 35.5% were satisfied with their lives, indicating that it is important to balance activities that involve physical movement and social interaction rather than simply the amount of time spent. The report recommends preparing a “health and leisure portfolio” that encompasses health management, medical expenses, caregiving, leisure expenses, and social networks, starting before retirement.

Kim Dongik, head of the NH Investment & Securities 100-Year Life Research Institute, stated, “Preparing for retirement means designing your life so that you have a plan for what you will do for as long as your health allows. If you establish regular health checkups, exercise routines, plan for medical costs and caregiving, and create leisure routines that combine physical activity and social connection before retirement, it can help you maintain an active lifestyle and a higher level of life satisfaction for longer.”

This content was produced with the assistance of AI translation services.