| Many UK adults don’t feel confident their family would be financially secure if they unexpectedly died | Women were less certain about their family’s financial resilience and 45-54-year-olds were the least confident age group | A survey found that only four in 10 working people aged 60-69 feel ready for retirement |
Would your family be financially resilient without you?
Only one in five people in the UK feel very confident their family would be financially secure if the unexpected were to occur, according to new research1 that warns of a lack of financial resilience. Some 35% believe their family could ‘manage for a while,’ the research revealed, but almost a quarter weren’t confident at all that their loved ones would cope.
Women (49%) were less certain their family would be secure than men (67%), while employees at large companies were more confident than their peers at small businesses. The least confident age cohort were those between 45 and 54, of whom one in three said their family would not manage financially.
Older workers ‘not prepared’ for retirement
What steps do you need to take before starting your retirement? Does it still feel like an uphill battle to get everything ready? If so, you’re not alone: only four in 10 working people aged 60-69 feel ready for retirement, a new survey2 has found.
Of the more than three million workers in that age bracket, more than a third say they do not feel prepared. Currently, one in three people aged 65 to 69 are yet to retire, of whom 31% still feel unprepared, the survey found. Preparing for life after work brings many challenges and can feel like a series of difficult decisions. Choosing when to retire and managing the transition to your new lifestyle are both significant choices.
1The Exeter, 2025, 2Just Group, 2025
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