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Pension poverty looms as women fail to save enough for retirement

Publié par Clifford Armion le 19/10/2010

Mark King

"Young women are heading towards poverty in later life by saving 50% less than men for retirement, according to a report published today by Scottish Widows. Women aged between 18 and 29 are saving just £49 a month compared to £111 a month for men, making average annual contributions of £4,816.50 compared to £7,709 made by men.

"The sixth annual Scottish Widows women and pensions report, which questioned 5,000 adults, also revealed that one in three (31%) young women without a private pension have never thought seriously about saving into one. And of those young women that do have a pension, four in 10 do not know what the pension is, compared to one in four men.

"Older women are not faring any better, with half the number of those aged over 51 saving adequately compared to men of the same age - and they are also uncertain as to how they will plug the gap. Women aged 51-59 have accrued on average £37,642 in retirement savings, compared to the £54,345 saved by men."

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Pour citer cette ressource :

"Pension poverty looms as women fail to save enough for retirement", La Clé des Langues [en ligne], Lyon, ENS de LYON/DGESCO (ISSN 2107-7029), octobre 2010. Consulté le 28/09/2020. URL: http://cle.ens-lyon.fr/anglais/archives/archives-revue-de-presse/pension-poverty-looms-as-women-fail-to-save-enough-for-retirement