The majority of Brits are optimistic about their retirement and are far more cheery about the prospect of living off their pensions than many of their counterparts across the world, reveals a new study.
According to researchers for HSBC bank, 82 per cent of Brits see their retirement as "a time for happiness", which far exceeds the worldwide average of 62 per cent.
The Swedes, Canadians and Americans are similarly upbeat and generally look forward to stopping work and enjoying life funded by their pension scheme.
However, the survey revealed that the Russians had a far more bleak outlook on retirement and the prospect of funding their old age with a pension.
Most Russians reportedly dread retirement with almost a quarter seeing it as "the beginning of the end". Only three per cent of Brits are this pessimistic about their retirement.
Yet the survey also revealed that out of the 20,000 people surveyed from around the world, 60 per cent said they wanted to continue to work in some form after they officially retired.
Approximately one in four said they would need to continue to work to earn money, while many others said they wanted to work to keep their minds and bodies active.
About one in five said that they wanted to do some kind of work that was meaningful to society.
Those surveyed also gave feedback on how retirement should be funded, with 30 per cent of Brits saying that 'government-enforced additional private savings' were a good option.
Just over 20 per cent said that raising the age of retirement and increasing taxes was another way to help boost pension funds.
Brits feeling positive about retirement
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Brits feeling positive about retirement
Thu, 27 Apr 2006
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