Archive · 26 Jul 2025
Taking 'Mini-Retirements' and Managing Finances While Doing So
Some people are taking breaks from their jobs, called "mini-retirements," to relax or try new things.
It's like taking a long vacation from work.
A recent survey showed that many young people want to do this.
Taking a break is good, but it's important to plan ahead.
If you don't plan well, you could have money problems later.
You might have to work longer to catch up.
Experts say it is essential to have a budget and save money for unexpected costs during your time off and for when you go back to work.
Many millennials and Gen Z workers are taking career breaks or "mini-retirements".
A survey found that one in ten Americans plan to take a career break in 2025.
Financial coach Annie Cole warns against unplanned breaks, which could hurt long-term financial goals.
Financial advisor Taylor Anderson suggests having a budget buffer for unexpected expenses.
Planning can include using tax-saving opportunities and preparing for job re-entry expenses.
- Who
- Millennials and Gen Z workers.
- What
- More young workers are taking "mini-retirements" or career breaks.
- When
- The trend is growing, with many planning breaks in 2025.
- Where
- N/A
- Why
- To regroup, try new things, and avoid burnout.
Financial Risks
Benefits of Breaks
Financial Planning
Financial Risks
Taking a mini-retirement without proper planning may lead to financial hardship.
Benefits of Breaks
Taking a mini-retirement without proper planning can be rewarding.
- Term for Breaks
- "Mini-retirements", "Micro-retirements" or sabbaticals
- People planning breaks
- One in ten Americans in 2025
- Importance of Planning
- Essential for financial security
- Advice
- Budget for re-entry, tax advantages