Study: 1 in 8 workers will never retire - WRBL

Study: 1 in 8 workers will never retire

Posted: Updated:

A new reality for retirement?

According to a new global report by London-based bank HSBC, one in eight workers will never be able to retire fully because they don't have enough income.

The report blames high unemployment and low wages for pushing retirement out of reach.

Longer life expectancy has also made the problem worse.

The report found that, on average, people expect to retire for 18 years, but they've only saved enough for 10 years.

Of the 16 thousand workers in the 15 countries surveyed, workers in the UK and US have it the worst.

About one in five people say they will never be able to give up work completely.

For more on the study go here. http://money.cnn.com/2013/09/18/retirement/workers-never-retire/index.html

  • On Your SideMore>>

  • POLICE: theft of $20,000 worth of NASCAR memorabilia

    POLICE: theft of $20,000 worth of NASCAR memorabilia

    Wednesday, July 30 2014 10:51 AM EDT2014-07-30 14:51:23 GMT
    Police are investigating a theft where more than $20,000 in NASCAR memorabilia was stolen.
    Police are investigating a theft where more than $20,000 in NASCAR memorabilia was stolen.
  • Special Report: Common Core

    Special Report: Common Core

    Monday, July 28 2014 11:14 PM EDT2014-07-29 03:14:38 GMT
    Common Core. Those two words are some of the most controversial in education across several states where the curriculum is being implemented. In both Georgia and Alabama, they're called College and Career Readiness Standards. News 3's Education Reporter Naomi Keitt took an in-depth look at the Common Core.
    Common Core. Those two words are some of the most controversial in education across several states where the curriculum is being implemented. In both Georgia and Alabama, they're called College and Career Readiness Standards. News 3's Education Reporter Naomi Keitt took an in-depth look at the Common Core.
  • News 3 Neighbors: 105-year old Carolyn Howard

    News 3 Neighbors: 105-year old Carolyn Howard

    Monday, July 28 2014 9:07 PM EDT2014-07-29 01:07:34 GMT
    Each year in late July folks gather in Fort Mitchell to celebrate the birthday of one of their favorite daughters, Carolyn Howard. Such was the case over the weekend at the Fort Mitchell community center where her birthday party was held. She was smothered in love by those close to her on the occasion of her 105th birthday. If hugs can add years to your life, Mrs. Carolyn has many more to celebrate.I asked her if she enjoyed havingover 100folks love on her. Carolyn's response, "Of yes. You kn...
    Each year in late July folks gather in Fort Mitchell to celebrate the birthday of one of their favorite daughters, Carolyn Howard. Such was the case over the weekend at the Fort Mitchell community center where her birthday party was held. She was smothered in love by those close to her on the occasion of her 105th birthday. If hugs can add years to your life, Mrs. Carolyn has many more to celebrate.I asked her if she enjoyed havingover 100folks love on her. Carolyn's response, "Of yes. You kn...
Powered by WorldNow

1350 13th Avenue
Columbus, GA 31901

Telephone: 706.323.3333
Fax: 706.327.6655
Email: news@wrbl.com

Can't find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Media General Communications Holdings, LLC. A Media General Company.