Research conducted by Retirement Advantage found that six percent of over 50’s have no plan to ever retire.

Although almost half of the respondents did state that they wanted to make sure they always had enough money to do the things they wanted to do, one in five said they were worried about losing the social aspect of work.  The same number said they were concerned about possibly being plagued by boredom!

In another report conducted by YouGov for Retirement Advantage, a majority of the workers who didn’t want to retire switched to part-time employment, whilst others opted to take an unpaid voluntary kind of position.

HR experts explain that it really comes down to quality of life for this age group.  Staying active and social is great for the mind.  Human resource professionals also declared that employees who work but don’t have to, can be some of the best employees an organisation has on staff.

The research shows that patterns are shifting.  It used to be that when a person hit retirement age, they simply retired.  Now, we’re seeing this happen in a more phased approach. Retirees expect to continue to work in some way or capacity beyond their traditional retirement age. The research also shows that the genuine interest in unpaid roles shows how important it is for this age group to make a contribution to society.