"Significant cuts" are being made to the living standards of UK workers to prepare for their own retirement.
Research has found many people place too much reliance on the state to help them in later years.
Pensions expert, Dr Ros Altmann told Daybreak that it is vital people have their own pension plans.
She added: "It is so important to not have a fixed age where you think I won't do any work at all."
More top news
A man and a woman stabbed to death in Cardiff city centre were Matalan employees it has been confirmed.
Police believe a tree currently growing near the farmhouse where the 21-month-old toddler was last seen in 1991 was not there at the time.
The 21-year-old was using a portable toilet in Sydney when he was bitten near to the same area as in a previous incident in April.