Wealthiest also concerned about retirement income - research

Half the country’s wealthiest HNWs are already retired, while, together with the half still working, they own more than £700bn in liquid assets, Tulip says. Yet most of those still working are concerned their average incomes of £98,000 (in addition to average liquid assets of £1m) will fall to £64,000, severely straining financial commitments to family. This 35% fall in annual income is far greater than that experienced by those already in retirement, Tulip says, where average incomes have fallen by about 13%, or £10,000. A key difference behind the outcomes is the collapse in cont...