Twice as many men than women are optimistic their standard of living will improve in retirement (12% vs 6%), with more women saying they feared living standards would fall compared to men (38% of women vs 34% for men), recent research from Canada Life revealed.
Some 506 UK adults aged 55+ with a defined contribution pension, who are not yet taking an income and plan to buy an annuity were surveyed by Opinium in October 2021. When asked about living standards, pre-retirees were split on whether they expect the same standard of living as they have now, according to the provider. It said 46% of respondents thought their retirement living standards would remain as today, while 36% said they would get worse. An optimistic 10% of respondents think their living standards will be better in retirement than they are now. The research suggested ...
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