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Unforeseen early retirement backup plan of respondents in the UK 2017

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

by James Cherowbrier, last edited Jun 8, 2018
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.
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United Kingdom: What is your “backup plan” for an income in case you are unable to continue working?

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Statistics on "Savings in the United Kingdom (UK)"
  • Personal savings: general information
  • Financial saving products ownership
  • Saving habits, behavior and expectations
  • Personal savings for retirement
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