'I don't think I'll ever be able to retire'

Breaking news from the markets: 'I don't think I'll ever be able to retire'48 minutes ago Share Save Add as preferred on GoogleJoshua AskewSouth EastSuppliedThose working into later life have been telling the that they expect to carry on working long beyond retirement ageMandy Kemp has worked since she was 16. But the 70-year-old is still working three days a week as a practice manager for a financial adviser - having been full-time until recently. "I only have a state pension, and it wouldn't pay the rent and my living costs," she said.

"It's affordability more than anything else. I'm not a lover of benefits, so I'd rather try and do it on my own. "Kemp, from Dover in Kent, told the that she must support her son and husband, who cannot work due to health reasons.

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While she enjoys her job and keeping busy, the mother of two said that the future felt "very uncertain". "Unless I got redundancy, I don't see how I'd survive for that long," she said. "Unless I had a lottery win.

"'Very precarious'Dr Andrea Barry, from the not-for-profit group Centre for Ageing Better, said that "more and more" people were working longer over the last two decades. Part of the growing trend is that people were living longer and that the state pension age had risen, according to Barry. But she added that women were disproportionately affected as they were more likely to have had part-time jobs without pensions or caring responsibilities that meant they could not work.

She said that "overall" many people want to work past the retirement age, which she called no longer a "cut off". However, some had "no choice" but to work due to the cost of living, a lack of savings and the rise in renting, Barry added. He said that older workers contributed economically to society, especially if they had skills employers struggled to find.

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Meanwhile, work can improve health and wellbeing by keeping older workers fit and avoiding loneliness, according to Barry, but admitted that it could be harmful for others. "There are a lot of very precarious and vulnerable people in their 60s and 70s," she added. 'Keeps me young'Jackie Haynes, who will be 80 this year, told the that she loved her part-time job as an activity coordinator at the Sussex Grange care home.

"Quite a few of the residents are even a bit younger ," she said. Jackie added that working not only gave her purpose but also helped her feel socially connected. "I love being with the residents as we can talk about the old days," she added.

"More important for me is the friendship. "SuppliedJackie Haynes, who will be 80 this year, works part-time as an activity coordinator in a care homeHaynes said that she did not need to work financially as she has a couple of private pensions and owned her own home. "The money is very, very nice.

Economists are analysing what the news means for the markets.