"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
The Oscar-winning actress has faced a backlash after telling a story about itching her "butt" on sacred Hawaiian rocks.
Samsung will release an update for their Galaxy Note 7 smartphones that will prevent them from charging and functioning as mobile phones.
Colombia's President Juan Manuel Santos has accepted the Nobel Peace Prize at a ceremony in Stockholm.