The findings, which are contained in a report from the International Longevity Centre (ILC) show why many people in Generation X continue to be ‘Generation Vexed’.
As many as 37% of all Gen Xers plan to work later in life to boost their retirement income, while for 25% this is their only plan.
However, they have several concerns they fear will constrain their ability to do this:59% are worried poor physical health will restrict their ability to work
These concerns are perhaps understandable, especially as 36% of all Gen Xers, and one in three (33%) of those whose only plan for retirement is to work longer, also have a health problem or a disability.
Meanwhile, almost two-thirds (62%) of those who plan to work past the SPA to address an income shortfall in retirement are confident they’ll be able to do so – but they may find this is not always possible as a quarter (25%) of this group currently have a health problem or disability, and some 7% expect to provide care to an adult in the next five years.