UK workers are having to make "significant cuts" to their living standards to prepare for retirement.
With savings usually lasting around seven years, the average retirement is expected to carry out for 19 years.
According to research from HSBC, UK workers are the worst-prepared, facing 12 years of living standard cuts.
Research also found that people are placing too much reliance on the state to help them in their later years.
More top news
Corby has the largest Scottish exile community - although they are not entitled to vote, if they could it would be an overwhelming "No".
It's one of most sparsely populated regions in Europe, but the Highlands is being fiercely contested in Scotland’s independence referendum.
Researchers in Boston have created a 'robot cheetah' that they hope will be able to reach top speeds of 30mph.