'I don't think I'll ever be able to retire'
Many older individuals are continuing to work past traditional retirement age due to financial necessity and personal fulfillment. While some enjoy their jobs and the social connections they provide, others feel compelled to work due to the rising cost of living and insufficient savings. Experts note that this trend is particularly affecting women, who often have fewer retirement resources.
- ▪Mandy Kemp, 70, works three days a week as she relies solely on her state pension, which is insufficient to cover her living costs.
- ▪Dr. Andrea Barry highlights that more people are working longer due to increased life expectancy and rising state pension ages.
- ▪Jackie Haynes, 80, enjoys her part-time job at a care home, stating it keeps her socially connected and gives her purpose.
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'I don't think I'll ever be able to retire'Just nowShareSaveAdd as preferred on GoogleJoshua AskewSouth EastSuppliedThose working into later life have been telling the BBC that they expect to carry on working long beyond retirement ageMandy Kemp has worked since she was 16.But the 70-year-old is still working three days a week as a practice manager for a financial adviser - having been full-time until recently."I only have a state pension, and it wouldn't pay the rent and my living costs," she said."It's affordability more than anything else.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at BBC News — Business.
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