One briton in five thinks they will be working until they are at least 70 – making them almost twice as likely to have this expectation as workers across Europe - according to a new report.
Some 19 per cent of Britons predict they will work into their eighth decade of life, compared with an average of 12 per cent of workers in Europe generally, according to a survey of more than 30,000 people in 60 countries by market research company Nielsen.
Some 44 per cent of Britons expect to retire after 65, which is almost double the global average share of people who said this.
One in 22 of Britons surveyed believe they will still be working at 76 or over. Almost half (46 per cent) of British workers surveyed said their expected retirement age is later than they would like.
More than one third (35 per cent) of working Britons expects to be relying on their savings to help them get by in their later years. More than half (52 per cent) feel they will be financially better equipped than their parents for retirement, significantly lower than the global average at 70 per cent.
Over half (54 per cent) of British consumers reported having enough money to live comfortably on as one of their biggest fears about ageing.
Losing mental agility and the ability to care for basic needs were found to be Britons’ biggest concerns about growing old.