Baby Boomers Want To Keep Working
ALMOST 60 per cent of workers in their 50s and 60s are planning to work past the state pension age, a new survey reveals. More than half the 50-69 age group who are still working said they plan to carry on in some capacity, and 10 per cent said they didn
ALMOST 60 per cent of workers in their 50s and 60s are planning to work past the state pension age, a new survey reveals.
More than half the 50-69 age group who are still working said they plan to carry on in some capacity, and 10 per cent said they didn't plan to retire at all.
But the research for new organisation Heyday revealed 64 per cent of them said it was impossible to get a new job within 10 years of retirement, because employers didn't recognise their expertise and aspirations.
Many believed they had to carry on working, with 24 per cent fearing they did not have adequate pension funds and a further 21 per cent convinced the state pension would not be sufficient.
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The survey of 1,770 adults aged 50-69 also found 41 per cent of those who are still working are not actively planning - either financially or emotionally - for their retirement.
Ailsa Ogilvie, director of Heyday, said: "People are not thinking ahead and because we are an ageing population, we're facing a longer life with limited support from the state and it's vital to plan for that.
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