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
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
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 December 23, 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 December 23, 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: December 23, 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 December 23, 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/
