Traditional retirements 'disappearing'
Sep 24 2008
Traditional retirements are becoming increasingly rare as people are living and working longer, it has been claimed.
Mark Locke, a spokesperson for AEGON, says due to increased life expectancy, people are opting to stay in employment past the age of 65 in a bid to enjoy the rest of their existence.
'The whole attitude has changed over the last few years … people are living a lot longer. After you reach 60, 65, you could live for another 30, 35 years - you almost live for as long as you have worked in retirement,' he claims.
According to recent research published by AEGON, less than one in three (29 per cent) say they plan to stop working when they reach retirement age.
More than one in ten (11 per cent) claim the love of their job makes them want to remain in employment, while 14 per cent claim they are too young to stop working.
Mark Locke, a spokesperson for AEGON, says due to increased life expectancy, people are opting to stay in employment past the age of 65 in a bid to enjoy the rest of their existence.
'The whole attitude has changed over the last few years … people are living a lot longer. After you reach 60, 65, you could live for another 30, 35 years - you almost live for as long as you have worked in retirement,' he claims.
According to recent research published by AEGON, less than one in three (29 per cent) say they plan to stop working when they reach retirement age.
More than one in ten (11 per cent) claim the love of their job makes them want to remain in employment, while 14 per cent claim they are too young to stop working.