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Summary

  • Preparing for later life is very important for 45% of residents
  • Importance generally increases with age
  • Having financial security is by far the most important factor for residents preparing for later life (78%)
  • Also considered important by the majority are: looking after your physical health (69%), being able to get around (61%), looking after your mental wellbeing (54%) and lowering outgoings (50%)

How important is it to you to plan for your later life?

Weighted base: W5 sample: 2,049

This chart shows that
Of the total sample 45% think it’s very important to plan for later life, 38% think it’s quite important, 13% think it’s neither important nor unimportant, 2% think it’s not very important and 2% think it’s not at all important

How important is it to you to plan for your later life? - by age

Weighted base: 16-24: 395 | 25-34: 353 | 35-44: 334 | 45-54: 309 | 55-64: 284 | Over 64: 374

This chart shows that
Of 16–24-year-olds 36% think it’s very important to plan for later life, 45% think it’s quite important, 17% think it’s neither important nor unimportant, 2% think it’s not very important and 0% think it’s not at all important
Of 25–34-year-olds 34% think it’s very important to plan for later life, 45% think it’s quite important, 17% think it’s neither important nor unimportant, 1% think it’s not very important and 3% think it’s not at all important
Of 35–44-year-olds 37% think it’s very important to plan for later life, 43% think it’s quite important, 14% think it’s neither important nor unimportant, 4% think it’s not very important and 2% think it’s not at all important
Of 45–54-year-olds 52% think it’s very important to plan for later life, 36% think it’s quite important, 8% think it’s neither important nor unimportant, 1% think it’s not very important and 2% think it’s not at all important
Of 55–64-year-olds 58% think it’s very important to plan for later life, 28% think it’s quite important, 11% think it’s neither important nor unimportant, 1% think it’s not very important and 1% think it’s not at all important
Of over 64-year-olds 58% think it’s very important to plan for later life, 28% think it’s quite important, 10% think it’s neither important nor unimportant, 2% think it’s not very important and 3% think it’s not at all important

What is important to you in terms of preparing for later life?

Weighted base: W5 sample: 2,049

This chart shows what’s important to residents in terms of preparing for later life:
For 78% it’s having financial security
For 69% it’s Looking after your physical health
For 61% it’s Being able to get around
For 54% it’s Looking after your mental wellbeing
For 50% it’s Lowering outgoings
For 49% it’s Not being isolated/ lonely
For 46% it’s Having a hobby
For 41% it’s Having online access
For 39% it’s Having a health check at the GP
For 30% it’s Being able to continue to look after and keep pets
For 29% it’s Moving to a more suitable property
For 21% it’s Not living alone
For 18% it’s Access to volunteering opportunities
For 16% it’s Putting care plans in place
For 15% it’s Having a financial health check
For 5% it’s Something else

Sex

Females place importance on lowering outgoings, putting care plans in place, looking after their physical and mental health, not being isolated, being able to look after pets, being able to get around and access to volunteering opportunities.

Males place importance on having a financial health check and having a hobby.

Age

Younger residents place importance on having financial security, looking after their mental wellbeing, not being isolated, and having a hobby.

Older residents put importance on having a health check at the GP, looking after their physical health, being able to get around, and having online access.

Disability

Those with a disability place more importance on putting care plans in place, being able to look after pets, being able to get around, and having online access, whilst those without a disability are more focused on having financial security and looking after their physical health.

Ethnic group

Residents from white ethnic groups place much more importance on having a health check, lowering outgoings, not being isolated, being able to get around, being able to look after pets, and having online access.

Those from an ethnic minority place more importance on having a financial health check, having a hobby, not living alone, and access to volunteering opportunities.