Loading...
Please wait, while we are loading the content...
Similar Documents
Young People and Attitudes towards Pension Planning
| Content Provider | Scilit |
|---|---|
| Author | Foster, Liam |
| Copyright Year | 2015 |
| Description | There has been much concern about people not saving enough for retirement in the UK and how to encourage further saving. This has led to pension policy developments, including the introduction of auto-enrolment, a form of ‘soft’ compulsion, to ‘nudge’ people to save. Given that young working age cohorts have longest to contribute to pensions and have traditionally been least likely to save for retirement, it is important to investigate their attitudes and expectations in relation to pensions and the potential effects of auto-enrolment on their future retirement income. This study utilises the findings of thirty interviews with young people aged eighteen to thirty about their opportunities and attitudes towards pensions, and identifies a variety of factors which affect pension contributions, including knowledge and advice, trust and myopia. It then focuses explicitly on auto-enrolment before concluding that if auto-enrolment is to succeed, people need to be reassured beyond doubt that it ‘pays to save’. |
| Related Links | https://www.cambridge.org/core/services/aop-cambridge-core/content/view/FBCC211AE4F4766D5567908F9F3833BF/S1474746415000627a.pdf/div-class-title-young-people-and-attitudes-towards-pension-planning-div.pdf |
| Ending Page | 80 |
| Page Count | 16 |
| Starting Page | 65 |
| ISSN | 14747464 |
| e-ISSN | 14753073 |
| DOI | 10.1017/s1474746415000627 |
| Journal | Social Policy and Society |
| Issue Number | 1 |
| Volume Number | 16 |
| Language | English |
| Publisher | Cambridge University Press (CUP) |
| Publisher Date | 2017-01-01 |
| Access Restriction | Open |
| Subject Keyword | Social Policy and Society Social Sciences, Interdisciplinary Financial Education |
| Content Type | Text |
| Resource Type | Article |
| Subject | Sociology and Political Science Political Science and International Relations |
