You are here: Home - Retirement - Retiring now - News -

Eight in 10 people regret retiring

0
Written by:
25/04/2017
Eight in 10 retirees wish they had kept working longer, according to a new survey.

Of the 50,000 people 50 and over quizzed by SunLife, 85% who had already retired said they did so too early, rising to 88% of those who are now over 70.

On average, those who are retired or semi-retired think they quit their job two and a half years too early. Those aged 70+ think they retired three years too early.

Less than 10% think they retired too late and just 5% said they got the timing right.

The research also shows a fifth of retirees continue to earn money by starting their own business, selling items on ebay, renting out property, private tutoring, exam invigilating and working for the elections office.

Others are using their skills to make crafts and cakes to sell, while some said they model for art classes.

Ian Atkinson, marketing director at SunLife, said: “Our research shows that people aged 50 and over feel 10 years younger mentally and almost four years younger physically, so, far from being ‘over the hill’, people in their 50s, 60s and 70s are feeling fit, healthy and sharp, which could explain why so many feel they gave up work too early and why so many are starting new careers.”

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Insurance Experts: Are you fully insured? Click here to get a quote.

For a free quote or to speak with an insurance expert call 0800 1218744

Santander launches premium current accounts with added perks

Santander has launched current accounts for ‘select’ and ‘private’ customers, offering enhanced features for a...

BUDGET 2017: Personal allowance and minimum wage to rise next year

The personal allowance and minimum wage rates will rise from April 2018, the Chancellor of the Exchequer annou...

Married couples set to claim £900 tax break

Eligible married couples will be able to claim a tax break totalling £900 via the Marriage Allowance.

Ryanair jetting towards US flights for £10

Ryanair is on course to achieve its long-held ambition of offering transatlantic flights to the US – and the...

Investing in car parks: a good vehicle for income seekers?

As the search for income continues, many investors are turning to alternatives, with car parks becoming increa...

Tesco expected to post significant write-offs

Tesco is predicted to unveil the biggest loss in its 100-year history, according to analysts.

Results round-up: Companies to watch this week

Mulberry and more will face the music this week.

Product launches of the week

Select Property Group, Schroders, Leeds Building Society and more have exciting news this week.

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
A man hands over some keys
Rise in number of landlords selling up

The number of landlords exiting the buy-to-let market rose in March, according to a survey of letting agents.

Close