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U.S. News Survey Reveals Most Brits Plan to Work Post-Retirement, 1 in 3 Lose Sleep Over Life Savings Worries

Published

9 months ago

February 28, 2024

WASHINGTON, Feb. 28, 2024 /PRNewswire/ — U.S. News & World Report’s 360 Reviews has released a new survey report on the personal pension experiences, life insurance planning, and inflation woes among UK adults. The latest consumer survey report from 360 Reviews finds a majority of Brits (61%) anticipate working after retirement to supplement their pension income — most (56%) also believe owning a home, being debt-free, and retiring comfortably is not attainable for Brits in 2024.

U.S. News surveyed 1,200 UK adults — ages 25 and older — in February 2024. Survey responses were weighted in order to reflect the current UK population by achieving equal distribution with known population characteristics.

“360 Reviews’ latest consumer research indicates that a majority of Brits don’t believe it’s possible to retire comfortably in 2024 while also being a homeowner and free of debt,” said Alexandra Wilson, senior international editor, 360 Reviews. “An overwhelming number of surveyed Brits feel certain that most UK Millennials will need to delay retirement, as well.”

Additional survey highlights include:

71% of UK adults pay into a workplace or occupational pension
24% said their pension knowledge came from their employer
26% said getting a mortgage led them to get life insurance coverage
20% said becoming a parent led them to get life insurance coverage
76% of UK adults without life insurance are either unsure if they need it or don’t think they need it

To access the full survey findings, visit: www.usnews.com/uk/360-reviews/life-insurance/UK-life-savings-survey-report

About U.S. News & World Report
U.S. News & World Report is the global leader in quality rankings that empower consumers, business leaders and policy officials to make better, more informed decisions about important issues affecting their lives and communities. A multifaceted digital media company with Education, Health, Money, Travel, Cars, News, Real Estate, Careers and 360 Reviews platforms, U.S. News provides rankings, independent reporting, data journalism, consumer advice and U.S. News Live events. More than 40 million people visit USNews.com each month for research and guidance. Founded in 1933, U.S. News is headquartered in Washington, D.C.