In 2018, approximately 40 percent of people in the United Kingdom (UK) aged between 22 and 29 years were saving adequately, whereas in the age group of 50 to 59 years, this share was much higher, at 62 percent. The older people get, the more likely they are to prioritise retirement saving in their personal budget. It is recommended that at least 12 percent of the individual income is put aside as retirement savings.
Distribution of the population in the United Kingdom (UK) in 2019, by age group and share of income saved for retirement
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Scottish Widows. (July 9, 2019). Distribution of the population in the United Kingdom (UK) in 2019, by age group and share of income saved for retirement [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/1072942/share-of-income-saved-for-retirement-by-age-group-united-kingdom/
Scottish Widows. "Distribution of the population in the United Kingdom (UK) in 2019, by age group and share of income saved for retirement." Chart. July 9, 2019. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/1072942/share-of-income-saved-for-retirement-by-age-group-united-kingdom/
Scottish Widows. (2019). Distribution of the population in the United Kingdom (UK) in 2019, by age group and share of income saved for retirement. Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/1072942/share-of-income-saved-for-retirement-by-age-group-united-kingdom/
Scottish Widows. "Distribution of The Population in The United Kingdom (Uk) in 2019, by Age Group and Share of Income Saved for Retirement." Statista, Statista Inc., 9 Jul 2019, https://www.statista.com/statistics/1072942/share-of-income-saved-for-retirement-by-age-group-united-kingdom/
Scottish Widows, Distribution of the population in the United Kingdom (UK) in 2019, by age group and share of income saved for retirement Statista, https://www.statista.com/statistics/1072942/share-of-income-saved-for-retirement-by-age-group-united-kingdom/ (last visited November 22, 2024)
Distribution of the population in the United Kingdom (UK) in 2019, by age group and share of income saved for retirement [Graph], Scottish Widows, July 9, 2019. [Online]. Available: https://www.statista.com/statistics/1072942/share-of-income-saved-for-retirement-by-age-group-united-kingdom/
