A recent survey by Age UK found that 23% of the 971 people they asked aged between 50 and 55 fear that they will not be able to keep up mortgage payments or rent.
Age UK says that people in this age group should be at the peak of their earning power.
It said those in their early 50's were more likely to be made redundant than younger workers, and it was harder for them to get back into the workplace.
Further, the survey identified that over half a million pensioners cannot pay regular bills or buy a new cooker if it breaks down, and over two hundred thousand cannot afford a warm coat.
Category: Funding longer lives: Pension/retirement