From Finance.yahoo.com
One in eight believe they can't afford to retire
By Holly Ellyatt | CNBC – Tue, Sep 17, 2013
Nearly one in eight of the world's workers believe they will never be able to afford to retire fully while millions of people are not financially prepared for life after work, according to international research by HSBC.
The U.K. tops the league of workers expecting to have to work into their retirement in HSBC's "Future of Retirement" survey, with one in five Britons believing that they will never be able to stop working. That is closely followed by the U.S and Canada where 18 and 17 percent of people respectively think they will have to work indefinitely.
By contrast, only 5 percent of people questioned in Brazil thought they would have to continue working into old age.
The survey of 16,000 people in 15 countries highlights the changing global retirement landscape as economic pressures and longer life expectancy force people to work longer.
Those who are living alone in retirement are most likely to see themselves working into old age, with 36 percent of those who are divorced or separated in the U.K. expecting to work indefinitely, compared to just 20 percent globally.
Read more from finance.yahoo.com >>
One in eight believe they can't afford to retire
By Holly Ellyatt | CNBC – Tue, Sep 17, 2013
Nearly one in eight of the world's workers believe they will never be able to afford to retire fully while millions of people are not financially prepared for life after work, according to international research by HSBC.
The U.K. tops the league of workers expecting to have to work into their retirement in HSBC's "Future of Retirement" survey, with one in five Britons believing that they will never be able to stop working. That is closely followed by the U.S and Canada where 18 and 17 percent of people respectively think they will have to work indefinitely.
By contrast, only 5 percent of people questioned in Brazil thought they would have to continue working into old age.
The survey of 16,000 people in 15 countries highlights the changing global retirement landscape as economic pressures and longer life expectancy force people to work longer.
Those who are living alone in retirement are most likely to see themselves working into old age, with 36 percent of those who are divorced or separated in the U.K. expecting to work indefinitely, compared to just 20 percent globally.
Read more from finance.yahoo.com >>
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