Brits on brink of retirement ‘most pessimistic’ about finances
Baby boomers who are approaching their retirement are more worried about their personal finances than any other age group in Britain, as pension increases come under pressure and rising inflation threatens to erode the value of savings.
One third of 55 to 64-year-olds told accounting giant PwC that they expect their disposable incomes to fall in the next year, compared to 29pc of those aged over 65. That represents a turnaround from the usual picture in which pensioners are the most pessimistic.
“In a trend that started last summer, pre-retirement baby boomers are now the most pessimistic age group,” said Kien Tan at PwC.
“This may reflect their concerns over forthcoming retirement, while over-65s will have benefited most from the ability to withdraw from their pension pot, as well as the triple lock policy of the past few years.”
Full Content: Z News
Remember to subscribe to our free weekly newsletter for more news or subscribe to our service to get unlimited access.
