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Over 50s still saving

02 December 2008

According to a Savings Outlook Report from Alliance & Leicester, more than eight out of ten (83%) people over 50 say they are still saving for their retirement. 42% of this group said they are making, or have made, sacrifices to help ensure they enjoy a comfortable retirement.

48% say they will have to save for longer because of increased life expectancy and another 48% are concerned that the changing economic climate will have a negative impact on their enjoyment of retirement.

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