Ireland. One in five will still pay mortgage in retirement
Large numbers of cash-strapped householders expect to be still paying off their mortgages in retirement.
A third of people are also concerned about having enough money to live on when they give up work, according to research into pensions commissioned by Zurich Life.
The survey found that one in five of those with a mortgage is so heavily indebted they expect to be still paying off the home loan when they cease working.
An even higher proportion of renters have given up on dreaming of owning their own home.
Some four out of 10 people expect to be forever renters, according to the survey carried out by iReach Insights for Zurich.
A third of people are concerned about having enough money to live on when they retire.
Less than half of all workers have an occupational or private pension to supplement their State pension.
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