3 in 5 Brits feel stressed about later life planning

retirement
  • 25–34-year-olds feel under most pressure (74%)
  • Almost three quarters (71%) of Brits are stressed about not having enough money to do the things they want to do when they retire
  • Two thirds (65%) are worried as they don’t know how long their pension will last
  • Learn some simple steps to keep on track and feel more in control of your savings

Whilst Stress Awareness Week is encouraging best practices for stress-management and wellbeing, Aviva's latest research has found that when it comes to later life planning, more than three in five people (61%) feel stressed when they think about their retirement. This figure rises to almost three quarters (74%) of 25–34-year-olds.

Unsurprisingly, given the current economic climate, all age groups, with the exception of the over 55s, admit to being stressed about: whether or not they will have enough money set aside at retirement to do all the things they want to do (71%); how long their pension pot will last (65%); whether or not they are paying enough into their pension pot (59%); and how early they need to start paying into a pension (49%).

25-34s top the anxiety charts when it comes to retirement planning.

In the majority of cases, the most anxious across all age groups are the 25–34-year-olds [see table below] with the starkest contrasts in numbers being around how early they need to start paying into a pension (70% vs 49% nat.avg), whether or not they should have more than one pension pot (70% vs 50%) or if they are paying enough into their pension savings (77% vs 59%). 

To read the full article from Aviva, CLICK HERE

Authored by Aviva

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Aviva Insurance Limited is one of the UK’s leading insurance companies, part of the Aviva group with 34 million customers Worldwide. Aviva Insurance has been in the insurance business for more than 300 years.

In UK commercial, the insurance market remains challenging for insurance brokers and customers, due to the ongoing economic conditions. Aviva Insurance are focusing on improving our processes to ensure Aviva provide commercial customers with insurance cover at an acceptable price. Insurance brokers also recognised our excellent customer service by voting us Insurance Times General Insurer of the Year in 2012, for the second year running. youTalk-insurance sharing Aviva insurance news and video.

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