Unforeseen early retirement backup plan of respondents in the UK 2017

This statistic illustrates the alternatives that people list as their financial backup in case of having to stop working earlier than expected in the United Kingdom (UK) as of 2017. It can be seen that a total of 59 percent of the respondents claimed to count on personal savings. A reliance on downsizing property/ selling a second home or on a spouse or partner working completed the top three, with 25 percent of respondents stating these as their back-up options in the event of having to stop working. The least popular back-up plan in the United Kingdom was to take a loan or loans from the bank with only four percent of respondents stating this as of 2017.

United Kingdom: What is your “backup plan” for an income in case you are unable to continue working?

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Source

Release date

June 2017

Region

United Kingdom

Survey time period

2017

Number of respondents

14,400 respondents

Special properties

employees in the UK.

Method of interview

Online survey

Supplementary notes

The question read in full: "Which, if any, of the following are part of your “backup plan” for an income in the event that you are unable to continue working due to ill health or job loss?"
Information regarding the scale and index methodology can be found on a dedicated Aegon page.

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Statistics on "Savings in the United Kingdom (UK)"

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