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A report indicates that 26% of UK adults find it challenging to manage on their current income. The survey, conducted by Ipsos for Standard Life among 6,000 people in June, also found that 47% are managing and 27% are comfortable with their finances. Catherine Foot, director of the Standard Life Centre for the Future of Retirement, suggests that employers need to make careers more flexible as working lives extend beyond traditional retirement ages.
Written locally by qwen2.5:14b on 2026-10-05,
using this article's own text rather than the other coverage of the
same event (that is the story summary below).
Story summary
According to a recent report by Standard Life, 26% of UK adults find their income insufficient for basic needs. The research indicates that 47% are coping with their current income while 27% live comfortably. Among non-retirees, the typical desired retirement age is around 62, but they expect to work until roughly 67 on average due to financial constraints or other factors. Nearly 63% of respondents worry about saving enough for retirement, and over three-quarters (79%) believe they can perform their jobs at age 60, though this confidence drops to less than half by age 70. Catherine Foot, director of the Standard Life Centre for the Future of Retirement, emphasized the need for more flexible career options as working lives extend, suggesting that a fair retirement system should prioritize individual choice rather than later retirement as a default option.
Written for “Economic Hardship Survey Results” on 2026-10-06,
grounded in this article and the 0 other(s) covering the same event.
Why this leaning score
This article does not take a side on a contested political
question, so it has no leaning score. That is an
answer rather than a gap: a match report or a rescue can be warmly
or critically written without being left or right, and scoring it
anyway is how approval of a subject gets recorded as a political
position.
No political leaning scored for article 58774 · logged 2026-10-05
More than a quarter (26%) of UK adults are finding it difficult to get by on their current income, a report indicates.
asserted
report → find → income
In the latest report, 47% of people said they are coping on their income and 27% are living comfortably.
asserted
% → say → income
Some 43% of retirees feel that they are living comfortably, compared with 23% of those not yet retired, the research indicated.
asserted
research → feel → those
Among non-retirees, people wanted to retire at around 62 typically, but the average age at which they expected to stop working was around 67.
asserted
they → want → which
The survey also found that nearly two-thirds (63%) of people worry that they are not saving enough for retirement.
asserted
they → find → retirement
More than three-quarters (79%) of people believe they could do their job at the age of 60, but this fell to less than half (48%) for the age of 70.
uncertain
this → believe → 70
Catherine Foot, director of the Standard Life Centre for the Future of Retirement, suggested employers need to consider how careers can become more flexible as working lives lengthen.
uncertain
lives → suggest → Retirement
She said: “The goal should be a system that gives people greater confidence and is fair to the people who live with it, giving them choice over when and how they retire, rather than having a later retirement as the default because they feel they have no alternative.”
asserted
they → say → alternative
Read More
The state pension overhaul would help to fund a new National Care Service in England.
asserted
overhaul → read → England
Under the plans, the state pension would continue to rise every year at least by CPI (Consumer Prices Index) inflation or 2.5%.
asserted
pension → continue → inflation
The door would still be left open to it rising by more than this if needed in some years, so that the state pension holds its value relative to average worker earnings.
asserted
pension → leave → earnings
Meanwhile, the state pension age has started a phased rise, gradually increasing in steps from 66 to 67, affecting new pensioners.
asserted
age → start → pensioners
In May, the Pensions Commission said about 15 million people are thought to be under-saving for their retirement.
uncertain
people → say → retirement
Standard Life commissioned Ipsos to survey 6,000 people across the UK around June and those taking part were aged 18 to 80.
asserted
those → commission → 18
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