One third of over-55s will work part-time in retirement to make ends meet

One third of over-55s will work part-time in retirement to make ends meet

People Management released an article on the 4th July stating that one third (31 per cent) of UK employees aged 55 and over expect they will need to work part-time in their retirement to make ends meet, research has revealed, prompting experts to urge employers to ensure their workforce is adequately preparing for the future.

The survey found a third (36 per cent) of all employees reported feeling unprepared for retirement, with women more likely than their male counterparts to say they were struggling (48 per cent of all female employees surveyed versus 25 per cent of men).

Out of 5,000 UK employees questioned for the Close Brothers Financial Wellbeing Index, almost one third (31 per cent) said funding their retirement was one of their top three financial worries.

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In addition, 16 per cent of all employees expected to rely on an inheritance to supply their retirement fund.

To read the full and original article visit People Management website. 

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2019-07-04T14:41:56+01:005th July, 2019|Categories: All News|0 Comments

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