Third of younger workers expect 'to work into their seventies'

New data from the British Social Attitudes Survey (BSAS) finds that close to a third of 18 to 24 year olds expect to retire in their seventies.

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The face-to-face annual study of 4,300 adults in private households reports that 30 per cent of this age group expects to be working way past the current state pension age.Overall, nearly two-thirds of those surveyed expect to retire in their sixties.

Changing attitudes

As well as this apparently increasingly realistic expectation of retirement age, the survey also suggests that people are more aware of the pensions savings options available to them.Compared to the BSAS in 2011 (33%), more people reported a good or reasonable knowledge (47%) of pensions issues.

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Latest pensions review

The BSAS data comes just before the latest pensions review consultation closes at the end of this year.State pension age independent reviewer, former CBI director-general John Cridland, is inviting insights on alternatives to a universal state pension age, acknowledging that traditional fixed patterns of work are changing.It is the first time the statutory pensions review has included a generational element as it seeks to analyse the impact of the state pension age in terms of fairness, affordability and fuller working lives.

For related news and features, see our Human Resources section.

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