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More than half (52 per cent) of UK adults who are single say the financial pressure to meet retirement goals makes them anxious.
Bạn đang xem: Single savers more anxious about retirement than those in relationships
Research by My Pension Expert found 56 per cent of single savers believed relying solely on their own income and savings made it more challenging to save for retirement, with many feeling the weight of the so-called “singles tax”.
This is a term which refers to the financial disadvantages or increased costs that single people may face compared to those who are married or in long-term partnerships.
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Out of those in a long-term relationship, 59 per cent said having a partner made them feel more secure about their retirement prospects, while 53 per cent of singletons felt at a disadvantage compared to people in relationships when it came to saving for retirement.
Lily Megson, policy director at My Pension Expert, said, “Retirement planning is undoubtedly a challenge for everyone, but our research highlights the unique pressures faced by singles, who often bear the full financial burden of saving alone.
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