Baby boomers are the wealthiest generation of retirees yet, according to new research.
A survey by Halifax Financial Services found that people currently in their late 50s and early 60s have more investments, disposable income and higher pension wealth than any other generation has had at retirement age.
More than 40% of 55- to 64-year-olds described themselves as wealthy, the poll found.
Of those, two-thirds attributed this wealth to working hard all their lives, while 9% said good investments were the key factor in their financial wellbeing.
The majority of baby boomers taking part in the poll said they felt they were better off than their parents' generation at retirement.
Paul Stanley, head of Halifax Financial Services, said: "The huge baby boomer generation is a product of post-war optimism and economic hardship. Equally they have had a significant impact on the economy.
"They are the wealthiest generation of retirees in history and they have been responsible for enormous social, political and economic change."
