WASHINGTON — (CNN) A new study shows that nearly one in eight workers expect they will never be able to afford to retire completely.
The new report, done by HSBC, looked at 16,000 people in 15 countries and studied their finances – most importantly their saving for retirement.
It paints a gloomy picture, showing that retirement may be off the table for many people. The average, globally, for people who will never retire, is 12 percent. But 19 percent of workers in the U.K. and 18 percent of workers in the U.S. will never retire. That compares to numbers in India, France, China and Brazil that are much lower – between 13 and five percent of workers.