• 93% surveyed are worried about their finances post retirement
• 80% are worried about the rising cost of living post-retirement
• 56% are concerned their pensions and savings will not be enough to last their retirement years, with 42% predicting they’ll work out of necessity
New research reveals that 93% of employees surveyed said they are worried about their finances post retirement, with 80% citing the rising cost of living as a key concern. As many as 56% felt that their pensions and savings won’t be enough to last their retirement years.
In research carried out by Renovo, specialists in supporting employers and employees through redundancy and retirement planning, 43% of those surveyed facing retirement predict they will work beyond the state pension age, as they are increasingly concerned about financial, health and lifestyle issues in later careers.