‘The findings point to a tension at the heart of the 100-year life,’ according to Irish Life’s research.
Irish Life has published the results of its ‘Life100+: Exploring Ireland’s Longevity Opportunity’ report, which takes a closer look at how increasing expentancies are transforming life patterns, financial planning and career paths.
In partnership with independent researcher Big Window Consulting, Irish Life collected data from 2,000 adults in Ireland and also carried out an employer roundtable, geared around the topic of challenges and opportunities that longevity presents to their organisations and their people.
What was noted in Irish Life’s report is that only one out of every five who participated in the research expects to fully retire in what is seen as the traditional way aged 65. Nearly three in four said they will have to work longer to support themselves in their later years and this figure rose close to nine out of 10 for those aged 65 and older.
Younger participants aged 18 to 24 said that they expect to extend their retirement age by making only minimal adjustments, adding around three years, while the older-than-65 cohort said it would take at least four additional years. All other categories added around one year.
