Nearly three-quarters of people living in Germany believe their pensions will be insufficient to allow them to keep their current standard of living, with just over half of them prepared to keep working beyond the official retirement age for that reason, a survey released on Monday has shown.

In all, 54.3% of 1,163 respondents in the YouGov poll said they would be willing to keep on working beyond the legal retirement age, most of them part-time and up to the age of 70.

Of this group, one in five (19.8%) said they would keep working only if they received higher pay.

Altogether some 33% said they would not be willing to work beyond the retirement age.

The German government is planning to change rules so that older people can stay in the workforce if they so desire.

The standard retirement age in Germany is being gradually raised from 65 to 67 by 2029.