Britons planning retirement urged to ‘think carefully’ as spending falls during lockdown

Single people, then, will need £5,020, £13,635 and £27,395 to achieve these retirement goals respectively. 

Jenny Ross, Which? Money Editor, commented on the findings.

She said: “The results of our survey provide a detailed picture of the spending habits of people in retirement, which should provide those preparing for it with a better idea about how much they’ll need in their pension pots.

“Perhaps unsurprisingly, the impact of coronavirus has seen retirees cut back on their spending in areas like travel and leisure this year.


READ  Why private equity is eroding the IPO market


Please enter your comment!
Please enter your name here