Many retirees would rather continue working

Forty percent of people due to retire this year would be happy to work past the age of 65 if they had the choice, according to a new study by insurance firm Prudential.

The research found that the main motivation for two-thirds (68 percent) of this year’s retirees who want to continue working is a desire to remain physically healthy and mentally active, while 39 percent did not like the idea of being stuck at home.

Men were more likely to want to continue working past the age of retirement, with 48 percent of men saying they would prefer to stay in the workforce, compared to 32 percent of women. However, despite wanting to stay in work, only 13 percent of respondents would choose full-time employment. Nearly half would prefer part-time jobs and one in 10 said they would like to start their own business.