New research has revealed that at least one in ten Britons who intended to retire this year will postpone those plans for the time being.

This has led many to claim that a new ?retirement reality? has hit a significant number of UK adults who are approaching retirement.

Figures are indicating that at least 50,000 Britons will put a temporary halt to their retirement plans this year as the cost of living continues to rise and pension pay-outs continue to fall.

While a majority of those who will defer retirement this year (68%) stated affordability as their reason, 32% have said that they simply don?t feel ready to throw in the towel just yet.

Industry experts are pointing towards the rapid increase in life expectancy as a major factor in the dawning of this new retirement reality. For many, it seems that the prospect of a thirty year retirement is completely unaffordable, and for some even unpleasant.

Some within the industry believe that retirement is quickly becoming a cloudier concept, as more and more people choose to work part-time instead of retiring completely.

These figures come a day after a warning was issued that the cost of living faced by Britain?s older population is still ?dreadfully high?, even after the recent inflation decrease.

Retirement experts have expressed that inflation levels faced by older people remain ?disastrous? adding that these levels are effectively ?stealing? the purchasing power of our older generation. The RPI inflation figure for the over 50s is still over 4.5%.