Latest Wealth and Asset Survey from the ONS

The  Office for National Statistics (ONS) has published its latest Wealth and Assets Survey. Early indicator estimates from the survey: attitudes towards saving for retirement, credit commitments and debt burden show that nearly half (46%) of GB adults thought buying property would be the best way of making money for their retirement in 2014/16, up from 43% in 2012/14, according to new data from the Wealth & Assets Survey, published today by ONS.

Meanwhile, 40% of adults believed employer pension schemes were the safest way to save for retirement, broadly similar to the previous period.  Overall, only 14% of adults were ‘not at all confident’ that their income in retirement would provide the standard of living that they hope for, down from 20% in 2012/14. However, this figure stood at 19% for 16-24 year olds in 2014/16. The number of adults who kept up with credit commitments without any difficulties rose from 52% in 2012/14 to 59% in the latest period.

The full Attitudes towards saving for retirement, credit commitments and debt burden: early indicators from the Wealth and Assets Survey  July 2014 – June 2016 article is available here.