UK. Flexi-retirement increasingly common due to gig economy

Flexi-retirement is becoming increasingly common, as more and more retirees are opting to work part-time in the gig economy.

According to a new report from Abrdn, two thirds of people retiring in 2022 do not plan on giving up work completely.

This compares to just over half of those who retired in 2021 and a third of 2020 retirees.

The report, which surveyed 2,000 UK adults, reveals how the “class of 2022” plan to spend their and money in retirement.

A quarter said they will work part time with either the same job or a new one. One in six said they would continue to work for their own businesses.

Just over one in ten plan to become entrepreneurs and start their own business.

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