Six stats on what 'non-retired' older workers really want

Half of people at retirement age are considering working in retirement

The shift to ‘pretirement’ in recent years shows many people reaching the state pension age are not ready to stop working.

Reducing hours, earning money from a hobby or changing jobs are all ways to gradually wind down from working life. For many, it is about avoiding boredom and maintaining an active mind and body.

However, not everyone has the luxury of choosing their retirement date. Their financial situation may not allow them to give up work, while others may be forced to stop working for health reasons.

The shift to ‘pretirement’ in recent years shows many people reaching the state pension age are not ready to stop working.

Reducing hours, earning money from a hobby or changing jobs are all ways to gradually wind down from working life. For many, it is about avoiding boredom and maintaining an active mind and body.

However, not everyone has the luxury of choosing their retirement date. Their financial situation may not allow them to give up work, while others may be forced to stop working for health reasons.

Saving as much as possible, as early as possible, in their career is the best way for people to ensure they are financially well prepared. That way they can retire when they wish, or need, it to.

Financial advisers have a key role to play as people increasingly treat retirement as a gradual process. They can help make sure savers’ retirement finances are sufficient and provide as many options as possible.

Stan Russell is a retirement income expert at Prudential.

Prudential survey of 9,896 non-retired UK adults aged 45+

Prudential survey of 9,896 non-retired UK adults aged 45+

Prudential survey of 9,896 non-retired UK adults aged 45+

Prudential survey of 9,896 non-retired UK adults aged 45+

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