Research from Help the Aged and Age Concern found 47% of workers aged 50 or older are less confident their pension and savings will provide them with a comfortable standard of living in retirement than six months ago.
And 28% think they will be forced out of their jobs if their employer cuts headcount because of the recession although 87% think they should have the right to continue working after age 65. But 15% of employers plan to use mandatory retirement to reduce headcount.
Michelle Mitchell, charity director for Age Concern and Help the Aged, said: " It is economically unwise for employers to force people who want to work out of a job just because of their age. Older workers make a huge contribution to the economy and will have skills and experience needed to boost recovery when we come out of recession."
Recession means older employees cannot retire when they want
Six out of 10 employees aged 50-plus think they will have to work longer than they intended to ensure an income in retirement.
