Press Release
Adults Not Saving Adequately For Retirement, Says Help The Aged
30 June 2008
Responding to the Scottish Widows 2008 pensions index, Mervyn Kohler, special adviser for Help the Aged, says:
“Although there has been a slight increase, it’s very worrying that so many adults aren’t saving adequately for their retirement. With more and more pensioners living in poverty according to the latest Government statistics and more older people apparently working longer to avoid getting into financial difficulties, people need to be doing all they can to save for retirement (1). Living on a fixed income when the cost of essential household items is soaring so much is incredibly difficult for pensioners.”
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