Retire? Not till we’re 70: Squeezed middle classes plan to keep on working

3rd Nov

Retire? Not till we’re 70: Squeezed middle classes plan to keep on working

 

  • Middle class workers aged 50 and above are being forced to delay their retirement until they are ‘at least 70’, with many blaming their children
  • Not driven by a love of their job, but by concerns of their ability to fund their retirement’.
  • It is not just the soaring cost of living which is triggering the delay. Many blame the fact that they constantly have to bail out their grown-up children at an age when they presumed they would be financially independent.
  • Many grown-up children need help to get on to the property ladder, while others ask their parents to clear their university debts. More than 40 per cent said they plan to remain in work ‘for an average of five years longer that they had originally planned’.

http://www.dailymail.co.uk/news/article-2055951/Retirement-age-Squeezed-middle-classes-working-age-70.html

Money worries: A new report said middle class workers aged 50 and above could be forced to delay their retirement until 70, to help out their grown up children
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