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Business & Economics

Majority of UK adults underestimate retirement savings needs

GlobalData
Summary
Nutrition label

71% Informative

Three out of five UK adults are unsure whether they will have saved enough to meet a moderate level of living in retirement.

The average total pension worth of UK people is 50,923 ($ 65,828 ), which is significantly lower than the 500,000 recommended by the Pensions and Lifetime Savings Association .

Nearly a quarter ( 23% ) believe they will only need 50,000 or less to retire comfortably, while nearly one-fifth say they will rely completely on state pension.

VR Score

77

Informative language

81

Neutral language

18

Article tone

semi-formal

Language

English

Language complexity

68

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

medium-lived

External references

no external sources

Source diversity

no sources

Affiliate links

no affiliate links