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Third will work after 65: Survey

Updated on 10 November 2009

Source PA News

A third of people think they will continue to work after they are 65 and one in 10 think they will still be working into their 70s, a survey shows.

Only 22% of workers think they will already have retired by the time they are 60, while 44% expected to give up work between the age of 60 and 65, according to consultancy firm Wolters Kluwer.

The main reason people gave for planning to work on beyond the state pension age was that of financial concerns at 68%, although 41% said they did not want to retire because they enjoyed work.

Four out of 10 people said they planned to stay in employment for longer due to changes in the law, while 38% said they thought it was important to keep busy and and 27% claimed it was because they expected to live for longer.

But despite many people wanting to work for longer, the research found that 8% of older people thought they had been discriminated against because of their age.

The research comes the day after a study by Prudential predicted that the number of people working past the state retirement age is set to more than double during the coming 10 years.

YouGov questioned 1,371 workers during October.

These news feeds are provided by an independent third party and Channel 4 is not responsible or liable to you for the same.

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