Infographic Category Business

Changes in U.K. Retirement

By | source: Oct 1st, 2012

As most of us know, retirement and social security are two major issues/concerns for full-time workers in America. As policies change and expand, some people now are less certain than before about what they can expect in their golden years.

As today’s infographic from shows us, Americans aren’t the only ones who can expect changes to their retirement procedures in the near future: our friends across the pond in the U.K. are doing some changes of their own.

Retirement age in the U.K. is currently 60 years for women and 65 years for men; with planned gradual increases, men and women will both be retiring at 65 by 2018 and 66 by 2020. Not everyone in the U.K. workforce is even sure they want to retire, though. People surveyed ages 18-24 were the least likely to retire with only 7.4% saying they do plan on retiring, and people 55 years and older were the most likely to retire at 47%.

For more information on the retirement tendencies in the U.K. refer to the infographic below. [Via]