UK adults 'in denial' about retirement saving shortfall- research

The Equity Release Council's poll of 1,000 UK adults identified five personality types when it comes to financial planning for later life. Those struggling to save fall into three categories: one in three (30%) are ‘hassled and overstretched'. Nearly one in five (19%) are ‘in denial' about the issue and a further 16% are ‘lost and confused' about the steps they need to take. Just 16% of adults show signs of being ‘savvy and sorted' by taking a conscientious approach to saving for retirement. A further fifth (19%) are ‘cautious optimists' who appreciate the need for action and are ...