New research from Standard Life has revealed that 52% of people would like to continue working once they reach retirement age even if they are financially comfortable.
Of the 52% of respondents, 42% would prefer to work part-time while 10% preferred full-time.
The report ‘Bringing Retirement into Focus 2021’ conducted its research among 1,150 adults in Ireland, across five different generations to observe people’s attitudes, expectations and experiences regarding retirement.
The most popular reason for wanting to keep working was the fear of boredom, which 60% of respondents selected.
The mental challenge of work then followed, receiving 55% support.
Enjoying social interaction received 53% of respondents’ support while the fear of ageing fast received 47% of respondents’ support.
The research also found that 24% of those who had already retired left the workplace because they didn’t want to continue working while a further 26% said that they felt as if they had no choice but to retire when their contract was up.