Survey Finds One In Five Britons Expect to Work Until At Least 70

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10th March 2014 15:13 - Financial Services

Some 19% of Britons predict they will work into their eighth decade of life, compared with an average of 12% of workers in Europe generally, according to a survey of more than 30,000 people in sixty countries by market research company Nielsen.

Additionally, one in twenty-two Britons surveyed believe they will still be working at seventy-six or over while almost half (46%) of British workers said their expected retirement age is later than they would like.

More than one third (35%) of working Britons expect to be relying on their savings to help them get by in their later years. Half (52%) feel they will be financially better equipped than their parents for retirement, significantly lower than the global average of 70%.

Over half (54%) of British consumers reported having enough money to live comfortably as one of the biggest fears about ageing.

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