One quarter of the UK working age population do not believe they will ever be financially independent, which is the equivalent of 5.7 million people, Scottish Widows has found.
The provider has released its Retirement Report 2025, which surveyed 5,167 UK adults aged 18+ on how they are planning for their financial future and the type of retirement lifestyle they aspire to. Around 37% did not feel confident that they could cover any unexpected financial emergencies and 33% said they did not have any disposable income at the end of each month. Additionally, 35% did not feel able to save enough for retirement, while 15% have not started preparing for retirement and do not plan to. Breaking down this data, Generation Z felt the lack of financial independence ...
To continue reading this article...
Join COVER for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, key trend analysis and industry insights.
- Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
- Receive breaking news stories straight to your inbox in the daily newsletter.
- Members only access to monthly programme 'The COVER Review'
- Be the first to hear about our CPD accredited events and awards programmes.
