- Monday, 19 October 2009Allowing people to continue to work after the age of 65 could reduce the debt problems experienced by the elderly as well as offer a solution for those already struggling with arrears.
Andrew Harrop, head of public policy at Age Concern and Help the Aged, said that enabling people to have a little extra cash during their retirement was particularly useful in light of the effects of poverty on the elderly.
He commented: "Working after retirement or deferring the drawing of the state pension can boost older people's income and prevent the sharp fall in the standard of living experienced by many after retirement."
Mr Harrop made his comments after research from the University of Maryland found that people who stop working after retirement are at a heightened risk of suffering from poor health.
The default retirement age is to be reviewed by the government in 2010.
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