Britons risk being left short of income in retirement as they end up living longer than expected



Britons risk being left with insufficient financial resources in retirement as they generally expect to die much earlier than they actually do, a think-tank has found.
People approaching retirement tend to be pessimistic about their chances of survival to older age, and then are more likely to spend their money faster once retired or even to save less in first place.
Research by the Institute for Fiscal Studies has found that both men and women in their 50s underestimate their chances of survival to the age of 75 by around 20 per cent and to 85 by around 10 per cent.
However, as people... read more

 
16 April 2018 in Business, Views: 56
Source: Daily Mail
Share:
 




News Widget for Webmasters


Realtime News

 

«
»
Mo Tu We Th Fr Sa Su
            1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31