Retirement can cause a drastic decline in health, according to a study released today.
Research found that both mental and physical health can suffer, said the Institute of Economic Affairs and the Age Endeavour Fellowship, who claim the Government should help people work longer and raise the state pension ages.
The study - Work Longer, Live Healthier: The Relationship Between Economic Activity, Health And Government Policy - shows there is a small boost in health immediately after retirement but that, over the longer term, there is a significant deterioration.
Philip Booth, editorial and programme director at the Institute of Economic Affairs, said: "Over several decades, governments have failed to deal with the 'demographic time bomb'.
"There is now general agreement that state pension ages should be raised. The Government should take firmer action here and also deregulate labour markets. Working longer will not only be an economic necessity, it also helps people to live healthier lives."
Read the full article here.