Article preview: One potential consequence of the coronavirus pandemic could be a retirement delay for millions of over 50s. According to new research by Legal & General Retail Retirement, as many as 1.5 million employees over 50 could push back their retirement age due to the pandemic. Their research found that 15% of over 50s plan to retire at a later date due to the financial consequences of the pandemic. On average, retirements are likely to be delayed by three years.
Why the pandemic could delay or cancel retirement for 1.5 million over-50s
This 313-word blog post looks at new research from L&G Retail Retirement which found that over-50s will delay their retirement due to the financial consequences of Covid-19. Written on 26th May 2020.
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