A new survey from financial services group ING has revealed which countries worry the most about saving for their financial futures.
In the polling of 15,000 people covering Europe, the USA, and Australia, ING found that having enough money in retirement was a worry shared by the majority, even where their country had a strong social security net.
Bloomberg reports that 62 per cent of respondents in the USA were worried about having sufficient retirement savings, but Spanish and French workers had the most pessimistic outlook on their retirement, with more than two-thirds expressing fears over the size of their pots.
This is despite the fact, in France, the highest proportion of current retirees, 69 per cent, said that they “enjoy the same standard of living had when working” – more than twice the proportion of Americans agreeing with the statement.
In the Netherlands, the average respondent says they expect to delay their retirement until around 67, but they also have the most optimistic view of their retirement prospects.
In the UK, the average expected retirement age was 64.7 years old. The UK dropped far down the table in terms of the number of current retirees enjoying the same standard of life when working, however, at only 27 per cent.