How will individuals cover their living costs in retirement in Britain 2018

This survey statistic illustrates respondents expectations towards covering the cost of living when retired. Respondents for this statistic had previously stated that they did not believe they would have enough savings for retirement. Of those, 42 percent stated that they would have to take another job after retirement to support the cost of living as of 2018 in Great Britain. A further 46 percent stated they would reduce their living costs to help after retirement.

Which, if any, of the following ways to you expect to make up for the shortfall in your living costs when you retire?*

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Source

Release date

August 2018

Region

United Kingdom (Great Britain)

Survey time period

July 24-25, 2018

Number of respondents

665**

Age group

18 years and older

Special properties

GB Adults

Supplementary notes

* This question was phrased by the source as follows: "Which of these applies to you? You previously said you do not think you will have enough money to live on from pensions and other savings when you retire... Which, if any, of the following ways to you expect to make up for the shortfall in your living costs when you retire? (Please select all that apply. If you do not have any ways to make up for the shortfall, please select the "Not applicable" option)".
** Base: All GB Adults who are not retired; 688.

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