Study: 1 in 8 workers will never retire - Local news, weather, sports Savannah | WSAV On Your Side

Study: 1 in 8 workers will never retire

Posted: Updated:

A new reality for retirement?

According to a new global report by London-based bank HSBC, one in eight workers will never be able to retire fully because they don't have enough income.

The report blames high unemployment and low wages for pushing retirement out of reach.

Longer life expectancy has also made the problem worse.

The report found that, on average, people expect to retire for 18 years, but they've only saved enough for 10 years.

Of the 16 thousand workers in the 15 countries surveyed, workers in the UK and US have it the worst.

About one in five people say they will never be able to give up work completely.

For more on the study go here. http://money.cnn.com/2013/09/18/retirement/workers-never-retire/index.html

  • On Your SideMore>>

  • Alabama State Trooper injured in shootout

    Alabama State Trooper injured in shootout

    Sunday, April 20 2014 9:59 PM EDT2014-04-21 01:59:28 GMT
    An Alabama State Trooper has been released from the hospital after he was in a shootout with two men in southeast Alabama.
    An Alabama State Trooper has been released from the hospital after he was in a shootout with two men in southeast Alabama.
  • Columbus man shot in face, another injured in weekend shooting

    Columbus man shot in face, another injured in weekend shooting

    Sunday, April 20 2014 9:55 PM EDT2014-04-21 01:55:24 GMT
    Columbus Police are looking for the gunman responsible for shooting a man in the face and a woman in the leg on Saturday.
    Columbus Police are looking for the gunman responsible for shooting a man in the face and a woman in the leg on Saturday.
  • Escaped inmate tased twice, jumps in lake during capture

    Escaped inmate tased twice, jumps in lake during capture

    Saturday, April 19 2014 2:01 PM EDT2014-04-19 18:01:28 GMT
    Grisset shows which way Adams ranGrisset shows which way Adams ran
    Darrin Adams got away from a Muscogee County prison detail last Friday. This came months after he escaped from the Lee County Detention Center in December and another Georgia prison in 1994. Lee County authorities found him late Wednesday night.
    Darrin Adams got away from a Muscogee County prison detail last Friday. This came months after he escaped from the Lee County Detention Center in December and another Georgia prison in 1994. Lee County authorities found him late Wednesday night.
Powered by WorldNow

1430 East Victory Drive
Savannah, GA 31404

Telephone: 912.651.0300
Fax: 912.651.0320
Email: newsemailalert@wsav.com

Can't find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Media General Communications Holdings, LLC. A Media General Company.