More than half (52%) of UK adults say they plan to work at least part-time during their retirement, according to new research on retirement trends
The average age people say they expect to retire from their primary job is 66, yet the study reveals an emerging ‘No Desire to Retire’ generation with 45% expecting to work into their 70s, and almost one in ten (9%) into their 80s or beyond.
Longevity continues to improve, with average life expectancy at birth in the UK in 2016 to 2018 at 79.3 years for men and 82.9 years for women. A child born today can expect to live more than a decade longer than a child born in the 1950s. This has had a knock-on effect on working patterns, with recent statistics from the Office of National Statistics (ONS) showing that the proportion of those aged over 70 in full- or part-time employment has doubled in the past decade.