According to Aviva’s latest Consumer Attitudes Survey (CAS) which surveys 1,000 adults across Ireland has found that more than half of Irish people (52%) believe they will work beyond the normal retirement age.
Of those surveyed 46% of consumers agreed they would like to work either full time or part time beyond the usual retirement age, although that figure has fallen from 52% in 2010. This figure rises to over half (53%) of those surveyed in the 45 to 54 age cohort.
Those reporting most scepticism about their financial preparedness for retirement are in the 45 to 54 age cohort with more than half (52%) believing they will work beyond the normal retirement age. The current qualifying age for the State pension is 66 years old, which is due to rise to 68 by 2028.
Among respondents aged 45 to 54, almost two thirds (62%) are worried they won’t have enough money when they retire to provide an adequate standard of living.
Only 42% of respondents in this age group agreed they were taking steps to ensure they have an adequate income during their retirement. This compares to 39% among all respondents.
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