Three-quarters of world citizens aged 55 and older want to carry on working after they reach retirement age, a new study shows.
The global HSBC research further reveals that people across the globe intend to work until they are in their 70s.
"Longevity is driving revolutionary change in the way that older people think about their later years and, for most, this new chapter in life includes periods of work," says Steve Troop, group head of retirement businesses at HSBC.
"It is crucial that the right legislative and company frameworks are put in place now to ensure older people can continue working for as long as they want to, wherever they live in the world," Mr Troop emphasises.
The idea that employers should fix a retirement age is supported by only 16 per cent of those older than 55, HSBC says.
A higher retirement age is supported by 46 per cent of over-55s, who think that it could reduce the financial strain on an ageing population.
One in five respondents believe higher taxes could solve the problem, while 11 per cent think the reduction of pensions could serve as a UK pensions solution.
Even though the HSBC research suggests a worldwide consensus regarding working beyond retirement age, countries are not equally convinced.
In the UK and the USA, most people older than 55 (86 per cent and 90 per cent respectively) believe people should work beyond retirement age if they are capable of doing so.
But in India and China, only 56 per cent of over-55s share the same belief.
HSBC: Global citizens want to work beyond retirement age
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HSBC: Global citizens want to work beyond retirement age
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