Britain’s population is ageing, and the number of people still working past the age of 65 is increasing. Nearly three quarters of UK employees estimate they won’t be able to retire at 65. Among the reasons for this are inflation, the cost of living and poor savings returns and interest rates. Generation X seems to be the most affected group as they are struggling to provide financially for their children, and make adequate savings too. One in four of them (27%) expect to retire after their 75th birthday. Seeking professional financial advice could help you to understand at what age you could afford to retire.
