Pensioners ‘to run own firms’
Many of tomorrow’s pensioners will become self-employed consultants, online traders or run odd-job businesses to make ends meet, according to research.
A generation of “Wearies” –Working, Entrepreneurial and Active Retirees – could be forced to work into their 70s and beyond owing to the pensions crisis.
It will result in the traditional image of the pensioner relaxing in old age changing as many will not be able to afford to retire.
Effectively ruled out of employment by age, they will set up their own businesses, according to the study for Friends Life by think-tank Future Foundation.