One in five workers forced to retire early due to ill health: Zurich

28% would consider leaving retirement if they could work from home

Jaskeet Briah
clock • 1 min read

One in five workers (21%) have been forced to leave employment early due to ill health, while 16% retired before the state pension age to care for a loved one, research by Zurich found.

A survey of 2,000 over 50s both in employment and retirement found that one fifth of workers (18%) have had to scrap their retirement plans due to squeezed household budgets amid the cost of living. Similarly, one in 10 have been forced to continue working as "volatile" stock markets ate into their savings, Zurich detailed. According to the research, one third (31%) of respondents aged over 50 would be able to stay in work longer if more flexible working opportunities were made available, while 28% would consider returning to work if they could work from home. Nick Homer, head of g...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Cost of Living

Employment support reform for UK

Employment support reform for UK

Get Britain Working whitepaper

Cameron Roberts
clock 26 November 2024 • 3 min read
9.41m economically inactive

9.41m economically inactive

Increase of 350,000 year on year

Cameron Roberts
clock 13 August 2024 • 1 min read
UK General Election 2024: Labour wins landslide

UK General Election 2024: Labour wins landslide

Keir Starmer to become UK Prime Minister

Cameron Roberts
clock 05 July 2024 • 2 min read