Pension savers face 'mid-life crisis' - Aegon research

According to the group, 93% of those surveyed aged 45 to 54 said they do not save - or save as much as they would like - for retirement, with the principal reasons being the cost of living (63%) and insufficient income (39%). Other leading barriers to saving cited were paying off mortgages or loans (36%) and family costs (32%). The research also indicated a generational shift towards mortgage and family commitments lasting much later into working life, with just 12% of those aged 55 to 60 saying there was no barrier to them saving. In contrast, more than a quarter (27%) said mortgage ...