Will the money last as long as the life. A single equation with two unknowns: spending and lifespan.
This is a need. Something a person cannot ignore. Non-negotiable, usually urgent, and the most reliable foundation for a business. It is felt by the individual, once in a lifetime, and rates 5 out of 5 for the pressure it exerts.
It comes from Scarce resources, Uncertainty and Mortality meeting the demands of Late career. The constants never change; the phase decides which of them presses hardest.
The market has answered it in 5 ways: Tax-advantaged retirement accounts, Retirement planning services, Annuities, Catch-up retirement contributions and Pension and benefit timing optimisation
Those answers were not free. Between them they created 2 further frictions, which is where the next layer of industries comes from.
Its neighbourhood
Everything this entry connects to directly. Click any point to follow it.
Relieved by
Every one of these is a business, an institution or a habit built on this single pressure.