Women are more likely than men to prioritise
savings during retirement, according to research from
Prudential.
The insurer’s Class of 2012 study, which looks
at the finances and expectations of those planning to retire this
year, said 62% of women will make savings a priority compared with
52% of men.
Although 57% of respondents named saving as
their top priority for them, 36 per cent said spending money on
travelling the world will be a priority for them.
In addition, 43 per cent said they will make
spending money on enjoying themselves a priority.
Vince Smith-Hughes, retirement income expert
at Prudential, said: “Today’s retirees are likely
to spend longer in retirement than previous generations so it is
encouraging to see that they understand the importance of saving
money to ensure they can live comfortably.”
