People fear they cant afford to retire

Hannah Preston - Tuesday, November 01, 2011

An article wrote on 'Age UK Latest news' published on 28th October 2011, explains how people are fearing that they cant afford to retire.

 

Research has recently been carried out and nearly 800,000 people aged 45 - 65 fear they cant afford to retire.

982 people in this aged bracket have been asked to do a survey by Standard Life.

Almost 6 % of these people feel they will never be in the position financially to give up work.

21% of people believe plans will no longer be able to support team due difficult economic conditions.

64 % of the people that were asked said they were confident their plans will be strong enough to support them when they retire.

37% of people aged 45 - 65 have made no plans financially for when they retire.

Read more at Age UK