Research and Statistics

Live now, save later? Young people, saving and pensions

by Nick Pettigrew, Jayne Taylor, Caroline Simpson, Joe Lancaster and Richard Madden

This report presents findings from research which explored the attitudes of people aged 16 to 29 to saving, retirement and pensions. The research was undertaken in late 2006 to help identify ways of encouraging and enabling young people to save, particularly for their retirement.

The main topics covered in the research included:

  • money management strategies and financial priorities;
  • attitudes to saving;
  • triggers and barriers to saving;
  • perceptions of retirement and pensions;
  • triggers and barriers to saving in a pension;
  • reactions to the Government's proposals for personal accounts and automatic enrolment into a pension scheme.

    Ipsos MORI undertook the research on behalf of the Department. It consisted of 16 group discussions with young people aged from 16 to 29, from different regions. In addition, 20 people were selected from these groups for an individual follow-up interview which was held a few weeks later. There was a mix of participants who were working, not working, in education, and with and without any savings or a pension.

    June 2007 112 pages 297x210mm

    ISBN 978 1 84712 219 3

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