{"id":400326,"date":"2026-04-15T20:12:29","date_gmt":"2026-04-15T20:12:29","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/400326\/"},"modified":"2026-04-15T20:12:29","modified_gmt":"2026-04-15T20:12:29","slug":"some-older-people-having-to-unretire-due-to-financial-pressures-survey-finds","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/400326\/","title":{"rendered":"Some older people having to \u2018unretire\u2019 due to financial pressures, survey finds"},"content":{"rendered":"\n

A significant proportion of older people are deciding to \u201cunretire\u201d as the financial reality of retirement falls short of expectations, according to research.<\/p>\n

One in six (16%) retirees surveyed for Standard Life said they have already returned to employment (8%) or are considering doing so (8%).<\/p>\n

While some have returned or are considering returning to work for social reasons, such as feeling disconnected from other people when not working, financial pressures are also triggers for finding a job again, the survey found.<\/p>\n

Three in 10 (30%) retirees said their standard of living is worse than before they retired, compared with just over a fifth (22%) who have seen an improvement.<\/p>\n

Many also feel unprepared for retirement. A fifth (20%) said they did not realise how much money they would need in retirement, with 21% wishing they had planned their retirement more thoroughly and 19% saying they had not appreciated how long retirement would last.<\/p>\n

Standard Life said inflation has also had a significant impact on retirees\u2019 spending power.<\/p>\n

For people who retire before state pension age, or who do not have a salary-based defined benefit (DB) pension with built-in inflation protection, maintaining income in later life can require more planning and, in many cases, greater investment risk, it said.<\/p>\n

Mike Ambery, retirement savings director at Standard Life, said: \u201cRetirement is no longer a single moment where work simply stops.<\/p>\n

\u201cFor many people it\u2019s becoming a more flexible journey, shaped around the life they want to live, and more flexible approaches to work \u2013 including part\u2011time roles and phased retirement \u2013 are making it easier for people to stay in the workforce for longer and shape work around their changing needs later in life.<\/p>\n

\u201cFor some, returning to work is about staying active and connected. But for others, it reflects the reality that retirement isn\u2019t always turning out as expected, particularly as rising costs put pressure on incomes.<\/p>\n

\"The People are urged to better plan for the retirement they want (PA) \u00b7 Anthony Devlin <\/p>\n

\u201cIn a world that feels increasingly uncertain and unpredictable, it\u2019s more important than ever that people feel supported to engage with their financial futures and understand what their retirement could look like.<\/p>\n

\u201cSimple steps can make a real difference, whether that\u2019s before or during retirement \u2013 from regularly checking in on your pension savings and thinking about how you\u2019ll use them to generate an income, to reviewing how much you\u2019re taking and whether it\u2019s likely to last for the years ahead.<\/p>\n

\u201cIt\u2019s also important to check when you\u2019re due to retire, as your planned retirement date and your state pension age don\u2019t always align, and to make sure you\u2019ve planned for any gap between the two.<\/p>\n","protected":false},"excerpt":{"rendered":"A significant proportion of older people are deciding to \u201cunretire\u201d as the financial reality of retirement falls short…\n","protected":false},"author":2,"featured_media":400327,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[72,176,61,60,174,175,1830,53672],"class_list":{"0":"post-400326","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-business","9":"tag-finance","10":"tag-ie","11":"tag-ireland","12":"tag-personal-finance","13":"tag-personalfinance","14":"tag-retirement-savings","15":"tag-standard-life"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/400326","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=400326"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/400326\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/400327"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=400326"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=400326"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=400326"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}