Two out of three people believe they will have to work past 65, mainly because they do not expect to have enough money to retire, research finds.
According to a study by Portus Consulting, more than one in ten (11%) expect to work beyond 76 while one in 20 says they will never stop working. Almost three quarters (74%) of those who expect to stay in work fear they will not be able to afford to retire, while 13% expect to still be supporting their children financially. The research shows that half of people over 65 and currently working are doing so because they do not have enough money to live on. Just two out of five surveyed believed they would have adequate income in retirement. On a more positive note, 26% of those who...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes