Squeezed in Retirement The Future of Middle Britain
A Chatham House Report
Paola Subacchi, William Jackson, Vanessa Rossi, Richard Varghese This Chatham House Report takes a fresh look at how people in the UK save for their retirement and highlights the threat of a mismatch between individuals' savings behaviour and expectations regarding their future lifestyle. Projecting retirement incomes forward to 2050, the report shows that the UK's middle classes will face an acute 'squeeze' during retirement. Approximately 15 million middle income households risk a reduction in their income of almost 60% when they retire. But the report suggests that there is a window of opportunity for public policies to help people to adjust and to save and suggests a number of policy options and makes specific recommendations for action.
February 2011 ISBN: 978 1 86203 248 4
Available online at www.chathamhouse.org.uk/publications