Retirees are becoming more economically active with one in three (39%) over-55s continuing to receive a wage, according to Aviva.
The latest Real Retirement report also found one in four (23%) 65 to 74 year olds were still wage earners in December 2012, compared with 18% in February 2010. As a result, the typical over-55 has an income of £1,444 each month along with £14,544 in savings (December 2012), compared with a monthly income of £1,239 and savings of £11,590 in February 2010. Despite 80% being concerned by rising living costs over the next six months (December 2012), over 44% of over 55s plan to use their extra time in retirement to travel and two thirds (66%) plan to carry out charity work. Roger...
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