Archive - January, 2013

Over 55s in the UK still working

Over half of over 55s in the UK are still working – because they don’t feel sufficiently secure to think about early retirement, research done by UK’s Skipton Building Society has revealed. The study found that despite the approach of their golden years, an alarmingly large percentage cannot yet see the light at the end of the tunnel.

The report revealed that although two-thirds stopped working full-time in their long-term career by the age of 55, most have merely reduced their hours or taken on part-time work. It also emerged the most common ‘late career’ choices are cleaning, stacking shelves in a supermarket, cashier work or doing the accounts for local businesses.

Unfortunately, seven out of 10 of those polled said they were worried they would struggle to get by during retirement without working. As well as the financial implications of giving up work altogether, 55 percent of adults with parents aged 55+ believe they work to stave off boredom.

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