Mind the gap: Age a major factor in financial knowledge
By Kirsten Hastings, 29 Apr 16
There are key generational differences in attitudes towards financial priorities and money management in the UK, but employees of all ages have major gaps in their financial knowledge, according to consultancy and actuarial services firm Barnett Waddingham.
Baby Boomers
As expected, those aged 50 or over are the most aware of their financial health and retirement options.
Over half (52%) feel that retirement is of most financial importance to them and 43% say the financial pressure of retirement keeps them awake at night.
Interestingly, over half of employees (57%) see themselves only gradually phasing into retirement, and would like to go part-time with the same employer.
Tags: Pension
