26-09-2008
Traditional retirement becoming increasingly rare
Traditional retirements are becoming increasingly rare as people look to work longer, one pensions expert has claimed.
According to Aegon, the whole attitude towards retirement has changed during the last few years.
Mark Locke, a spokesperson for the firm, said: "Gone are the days when you reached 65, got your carriage clock and settled in for a sedate retirement. People are living far more active lives, people are far younger now, even in old age."
He added that people are now living to be much older than they once did.
After a person reaches 60 years-old, it is possible they could live for another 30-35 years which is as long as someone has worked.
This is "a long time", Mr Locke concluded.
Research by Aegon showed less than a third of respondents intend to stop working when they reach retirement, despite many thinking they would manage financially if they were to leave their jobs for good at 65.
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