“This would be a win-win for the economy and society - it will help older people have higher incomes and create more jobs for the young. If we carry on as we are, then people will stop working, have low pension incomes and reduced spending power, which will stifle growth.
“Saga’s research shows that many of our over 50s already want to work past 65. 71% would like to work part time rather than retiring and in fact 7% are already working past the age of 70 - and it’s not just for the money.
Work satisfaction, feeling useful and the social benefits we gain from working were key reasons that people wanted to continue.
“A social revolution where we redefine age and rethink retirement is well underway – by embracing and in fact welcoming the opportunities of these bonus years, we can help boost our ailing economy, ensure less reliance on the state and ultimately make retirement more fulfilling."