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LATEST NEWS
| People Turning 50 Expect to Work Longer | | | Source: TAEN 17.06.10
A longitudinal study The National Childhood Development Study conducted by the Economic and Social Data Service has been following the lives of 10,000 people born in one week in 1958. It has found that 70 per cent feared they would not have enough money to live on in old age.
The study interviewed the cohort when they were 50 or 51and found around one in four (24 per cent) strongly agreed with the statement “when I reach state pension age I would do some paid work if it meant a better standard of living”. A further 47 per cent agreed with it and 18 per cent somewhat agreed with it.
But financial necessity was not the only reason people had for considering working on. For some, who felt that at least some work was good for them, it was more a lifestyle choice.
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