Seniors 'enjoying the good life'.

The image of people in the over-65 age group slowing down and not enjoying life has been debunked by new research.

NEST (the National Employment Savings Trust) commissioned an independent survey which came to the conclusion that 28% of over-65s often purchase new clothes, 50% eat out frequently, and 45% socialise by going out with friends.

The research also suggests that the over-65s are good at sticking to a budget, with almost half (48%) doing so.

In contrast, those under 24 have the most problems making their wages stretch to the end of the month, and it was found that they are twice as likely to overspend at the beginning of the month and struggle thereafter.

CEO of NEST Tim Jones, said: "Young people might think retirement is all about sitting around watching TV, but these findings show life doesn't stop at 65."

Copyright Press Association 2012