According to the Daily Express newspaper dated March 4th in excess of 2 million workers have been forced to abandon retirement plans as a result of the financial crisis.
Research from insurer Prudential indicates that the falling value of pension funds is the main reason many people feel they are unable to retire with adequate income.
And the devastating effect that this week's stock market falls will have on UK pension savings is likely to make matters worse.
Of those workers deciding to delay their retirement, the majority said that their pension holdings would not recover until at least 2012.
Pru spokesman Martyn Bogira said: "It is a reflection of the difficult economic situation that so many workers, and particularly those in the private sector roles who do not benefit from public sector final salary pension schemes, are trying to delay retirement.
Could this be a time for pensioners to consider a way of supplementing their income when retirement arrives and take the worry out of their later years?
Having your own ready made website selling products directly to the public, on a commission earning basis can supplement your income and give yourself some financial independence - It's worth looking into.
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