Centre for Policy on Ageing
 

 

Sooner rather than later?
 — Younger and middle-aged adults preparing for retirement
Author(s)Michael Anderson, Yaojun Li, Frank Bechhofer
Journal titleAgeing and Society, vol 20, no 4, July 2000
Pagespp 445-466
KeywordsMiddle aged ; Mature adults ; Preparation [retirement] ; Long term ; Pensions ; Income [older people] ; Kirkcaldy.
AnnotationDuring the 1990s the British population has been urged by government and financial institutions to make more personal preparation for retirement and to start whilst still relatively young. This paper set within a wider analysis of people's long-term planning behaviour, investigates the extent to which a sample of the general population of Kirkcaldy in Scotland, aged mostly between 30 and 49, has given thought to the question of retirement. While it seems likely that early planning for retirement is more common today than 20 years ago, there remain substantial sections of the population, including many in lower income groups, who appear not to be preparing for varying combinations of reasons (including family responsibilities, personal history, cultural and general orientation to life). The study concludes that planning for retirement must be seen as part of planning as a whole, and that the propensity to plan is the outcome of a complex web of material, social, cultural and psychological factors. This suggests that even very high profile urging from politicians and financial institutions is unlikely to deliver adequate pensions for significant sections of the UK population. ((KJ/RH).
Accession NumberCPA-000818204 A
ClassmarkSE: SDM: GA: 4Q: JJ: JF: 9SA

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