People nearing state retirement age have the lowest savings of all over-55s, according to Aviva.
In its first Real Retirement report, Aviva studied the finances of the UK's over-55s, with its research suggesting growing debt and low savings point to a gloomy picture for retiring people. The current generation of retiring and long-term retired has a higher incidence of homeownership, lower debts and more savings than the pre-retirees, according to Aviva's first Retail Retirement Report. The report reviews the finances of the three ages of retirement broken down into pre-retirees (55-64), retiring (65-74) and the long term retired (over-75). Pre-retirees have the lowest savings,...
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