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Britain: ‘Retirement As We Know It Is Over’

September 7th, 2010

Via: BBC:

Nearly three quarters of people believe retirement as we currently understand it will not be possible in the future, a BBC Newsnight poll has suggested.

Some 70% of the 1,000 asked thought it would not be feasible for people to stop work then live on a pension for up to 30 years, the ComRes survey found.

Some 72% of those in work were also worried about not having the funds to live as they would like in retirement.

More than three quarters (77%) thought younger people would get a worse deal.

And more than half (54%) thought it was unfair that younger generations would be worse off than those currently approaching retirement age.

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