29 March 2007
More than half of over-50s think it will be more difficult for
their children to build up a pension than it was for them,
according to a report from Scottish Widows.
Research by Scottish Widows shows that today's over-50s are the
last generation of "retire-easies" who will enjoy a comfortable old
age with few concerns about the value of their pension schemes.
The research found that 58% of over-50s think it will be
difficult for their adult children to build up a pension, and 60%
recognise the problems their children have in saving at all. In
addition, 53% of over-50s believe it was more difficult for their
parents to save into a pension.
This leaves the lucky generation of "retire-easies" in the
middle, likely to be reaping the benefit of final salary schemes
and the results of a property boom.
Half of all 20 and 30-somethings questioned as part of the
research agreed that it was easier for their parents to save into a
pension.
