"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 convict recaptured by police after three weeks on the run made a dry run the night before he broke out of a New York prison.
Teachers at a school in Northamptonshire made a unique farewell gift for their Year 11 leavers.
The advertising watchdog has ruled the "beach body ready" campaign was not offensive or socially irresponsible.