6m over 50s will retire on less than minimum wage

POLFOTO POLFOTO/Polfoto/Press Association Images

Plenty of us are prepared for a less-than-sumptuous retirement. We know that the days of living it up on cruise ships are numbered, and that we're far more likely to be relegated to pottering around the garden than hopping around the Caribbean. However, a new survey shows that things could be even worse than we expect.

In fact 6 million people who are currently over the age of 50 will retire on less than the minimum wage.