A new breed of wealthy workers is rejecting retirement, worldwide.
In a Barclays survey, 60% of wealthy people said they plan to become a "Nevertiree." Members of this new group defined by Barclays want to continue working as long as they are able, shunning traditional retirement by starting businesses and taking on new projects in their later years.
The survey of 2,000 high-net-worth individuals suggested that this group will grow, with more than 70% of respondents younger than 45 saying that they would always be involved in some form of work.
Emerging markets such as Saudi Arabia (92%), United Arab Emirates (91%) and South Africa (89%) demonstrated the biggest desire to continue working. The concept is also popular in developed economies, with majorities in the United States (54%) and the United Kingdom (60%) showing a desire to keep working. Wealthy people in Switzerland (34%), Spain (44%) and Japan (46%) were the least interested in a working retirement.
