Savings

Half of adults want to retire before state pension age

When would you like to retire? 48% of working adults would like to before they reach stage pension age.

Office workers spend £1,000 a year at work

The average office worker spends around £1,000 a year on expenses such as coffee, birthday presents and nights out.

Jargon putting over 50s off investment

The prevalence of technical jargon is preventing people over the age of 50 from investing.

4.4 million more workplace pension savers since 2012

Almost 6.9 million auto-enrolled workers saved £82 billion in workplace pension schemes in 2015.

Defined benefit schemes costs rise by 37%

The costs of operating a defined benefit pension scheme have increased by 37% in the last year, which could see members lose some of their benefits.

Workplace pension saving up by £2.5 billion

Auto-enrolment increased workplace pension saving by £2.5 billion per year by April 2015, according to the Institute of Fiscal Studies.

Older retirees spend half as much as younger ones

Income spending among retirees aged over 75 declines by half compared to those aged 50-65, according to research by Aegon.

Cash ISAs used to fund retirement

Over a third of savers are using cash ISAs to fund their retirement, according to research by Alliance Trust Savings.

Women increasingly sole household earners

40% of women workers are now the sole earners in their households, according to research by Aegon.

6 million over 50s in debt

Almost a third of people over the age of 50 are dealing with financial debt, repaying an average of £12,000.

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