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Friday, February 23, 2024

Brits beginning to really feel previous of their 50s and 60s


Brits are almost definitely to begin feeling previous of their 50s or 60s, based on analysis from AEGON.

The Aegon Monetary Priorities Survey 2024 revealed that Brits feeling previous in your 60s was first with 20%, adopted by feeling previous in your 50s at 19%.

Nevertheless, 14% of Brits nonetheless felt youthful of their 70s and 9% reported that they don’t assume they may ever really feel previous.

As well as, if given the prospect to journey again in time and provides recommendation to a youthful self, 51% would inform themselves to begin saving as early as attainable.

Steven Cameron, director of pensions at Aegon, stated: “Whereas each particular person is exclusive, many people now reside longer lives and our expectations and hopes for each stage of life, together with these later years, are altering.

“Not so way back, individuals tried to consolation themselves that somewhat than being previous your greatest, ‘life begins at 40’. Then there was a interval if you’d hear ‘50 is the brand new 40’ – so maybe one other manner of this analysis is that 60 is now the brand new 40.

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“These new findings exhibiting that over half of us want we might have began saving earlier highlights simply how essential placing some cash apart for the long run actually is.

“Only a small improve in contributions can have an enormous constructive impression on the alternatives we open up for our future years.

“No matter how previous or younger you are feeling, it’s very important that we individually and collectively think about in direction of how we plan for and navigate this section of life. Aegon’s benchmark Second 50 report is a good start line to information that ongoing dialogue.”

brits old
Supply: Aegon

Jonathan Bland, head geek at Pension Geeks, added: “In our expertise of going into workplaces and doing a whole bunch of reside TV exhibits, we’ve by no means ever met somebody who has any remorse of saving an excessive amount of into their pension on the time of retiring or getting close to to it. So, I feel it’s an amazing factor that the youthful viewers are getting knowledgeable and educated concerning the significance of saving to your future. I’d say it’s by no means too early, or late, to begin saving.”


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