Monday, October 31, 2011

United Kingdom: Survey Finds 6% of Workers Think They Can Never Afford To Retire

A survey conducted by Standard Life finds that over three quarters of a million 45-65 year olds in the United Kingdom say they don't think they will ever retire. While 6% of 45-65s who aren't retired don't think they will ever retire, 21% 1 of 45-65 year olds who have financial plans in place to provide for their long term future no longer feel their plans will support them due to the current economic climate.

On the other side of the equation, 16% of 45-65s who have financial plans in place to provide for their long term future feel confident, and a further 48% of 45-65s feel reasonably confident their financial plans will support their long-term future. Altogether, 72% of 45-65s who aren't retired plan to retire between the ages of 61 and 70 years old.

Source: Standard Life Press Release (October 28, 2011)

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