Almost Half of UK Citizens Asked Cannot Afford to Retire According to New Research

Almost Half of UK Citizens Asked Cannot Afford to Retire According to New Research PR Newswire LONDON, October 24, 2012 LONDON, October 24, 2012 /PRNewswire/ -- Market research company SurveyCompare has released a new infographic showing nearly half of UK citizens asked do not expect to retire when they reach retirement age. The infographic cross-sections its data to show how men and women have different expectations, how different kinds of employment produce different retirement plans, and how plans change with age. Agnese Geka of SurveyCompare says, "We did this research because we could not find anything like it out there. We wanted to make clear to people that across the UK men and women are feeling the pinch financially regardless of their background, and are uncertain about their working future and maybe they should start thinking about additional income sources sooner." The infographic shows the UK government's plans to raise the retirement age from 65-68 for men and from 60-65 for women, even though in the UK the 'health' expectancies for men and women are 63 and 65 respectively. Men degrade more rapidly than women but will be expected to work for longer under these plans. Protest groups have been set up to lobby the government on this, such as 68istoolate.org.uk. Responses to SurveyCompare's question 'Will you continue working past the age of retirement?' demonstrated the rise in recent years of people working from home, and those becoming self-employed.