UK: Working longer is becoming the `norm’
- Credit: Getty Images/iStockphoto
Retirement is a thing of the past
An increasing number of people are working beyond state pension age as they take a gradual approach to retirement, according to a new report.
Research among more than 1,000 over-60s found that working longer was becoming the “norm”.
Only around a third of those at state retirement age were not working at all, with many others working part-time or taking on consultancy or voluntary work.
Insurance firm LV said it was clear from its study that many people were now taking a more gradual approach to retirement, slowly cutting back on their working hours rather than stopping altogether.
You may also want to watch:
More than one in four of those working later in life were running their own business, while a third had switched careers.
One in six of those questioned said they had returned to work after retiring.
- 1 Pub demolition plans generate 150-plus objections in a week
- 2 Man in hospital with serious injuries after Suffolk stabbing
- 3 First look at plans for new Ipswich BMX track ahead of big build
- 4 WATCH: Former policeman given blue light salute during 24-hour marathon
- 5 Patient in 90s will fight Ipswich Hospital parking fine
- 6 Mapped: Number of places recording Covid cases doubles in last week
- 7 Orwell Bridge: Road block removed as person safely off bridge
- 8 Couple launch smoked meat business after impressing at family BBQs
- 9 Ipswich Town transfer rumour: Blues linked with 'ambitious move' for striker
- 10 Former Town star's son scores to help Hartlepool secure dramatic return to EFL
Richard Rowney, managing director of life and pensions at LV said: “For many people, working for longer is a positive choice. Many people in their sixties and seventies enjoy their jobs and are keen to remain active in later life.”