People in the over-50 age bracket are increasingly cutting back on essentials in their retirement in order to be able to leave a larger inheritance, research by Saga Money has found.
This is despite eight in 10 children saying they would rather their parents spent their savings enjoying retirement to the full. The research found four in five parents were concerned about leaving an inheritance, with just under half of those surveyed suggesting they would not spend frivolously in retirement to ensure there was something left behind for their children. Populus interviewed 2,004 adults aged 18 or more on behalf of Saga Money and found Londoners - at 63% - are the biggest believers that it is important to leave something behind for their children. People living in ...
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