By Kev Kiernan
The main worry for retirees is not having enough money to live on rather than not having someone to spend their time with, according to a report by Aviva.
One in four people aged over 55 are concerned about their finances, the Real Retirement report shows.
According to one charity, the statistic undermines claims that older generation is coming through the economic crisis largely unscathed.
Many retirees 'struggling to stay afloat'
Age UK director Caroline Abrahams said: "This report dispels the myth that people aged 55-64 - the so-called baby boomers - have sailed through the economic crisis and are financially thriving.
"Instead it reveals that many are struggling to stay afloat."
The report suggests that 27 per cent of older people regard financial security as the single most important factor in their retirement.
Around two in five regard having good health as the most important thing (38 per cent), while one in six believe having a retirement partner is the priority (17 per cent).
One in every eight older people say that having a good family life is of central importance (12 per cent) and 3 per cent think good hobbies and interests are what matter the most.
Of the people whose annual income is under £15,000, a third say that having enough money to live on is more crucial than sharing their retirement with a partner (12 per cent).
People saving average of £33 a month for retirement
The report suggests the wealthier people are the less money is of major concern, although some people who receive more than £30,000 a year still believe cash security is the most important thing.
Two-fifths of people aged 55-64 are unable to save any money at all for their retirement, but those who do manage to save put away an average of just £33 a month.
Only a third of people aged over 75 are able to draw money from savings and investments, dropping from 45 per cent just a year ago, according to Aviva.
The report says that around one in every five people aged over 65 have to rely on a wage as a source of household income, and that almost a third of those aged 55-64 are about to retire soon but have less than £500 in savings and investments.
'Financial stability can buy happiness'
The average outgoings for the over-55s is now £1,308, the highest recorded by the firm since it started its Real Retirement report around four years ago.
Aviva interviewed 2,000 people before compiling its report.
Clive Bolton, managing director of Aviva's At Retirement business, said: "Some people may be tired of hearing about the importance of saving for retirement.
"But listening to those who know what it means to be retired in 2013 leaves little doubt that financial stability can in fact buy happiness, and certainly help towards a stress-free lifestyle."