- The majority of residents have started planning for later life already (59%)
- The likelihood to have started planning increases with age and household income
- Those who are property owners, are from a white ethnic background, are male, and do not have a disability are more likely to have started planning
Timings
Summary
When do you think you will start planning for your later life? i.e. when you start to get older, or when you retire
Weighted base: W5 sample: 2,049
This chart shows that 59% of residents have already started planning for later life, 24% will do in the future, 4% are not going to plan and 14% have no idea when they will plan for later life.
When do you think you will start planning for your later life? i.e. when you start to get older, or when you retire - by age
Weighted base: 16-24: 395 | 25-34: 353 | 35-44: 334 | 45-54: 309 | 55-64: 284 | Over 64: 374
his chart shows that
49% of 16–24-year-olds have already started planning for later life, 36% will do in the future, 2% are not going to plan and 13% have no idea when they will plan for later life.
40% of 25–34-year-olds have already started planning for later life, 42% will do in the future, 2% are not going to plan and 16% have no idea when they will plan for later life.
50% of 36–44-year-olds have already started planning for later life, 29% will do in the future, 4% are not going to plan and 17% have no idea when they will plan for later life.
65% of 46–54-year-olds have already started planning for later life, 18% will do in the future, 4% are not going to plan and 13% have no idea when they will plan for later life.
71% of 56–64-year-olds have already started planning for later life, 12% will do in the future, 6% are not going to plan and 12% have no idea when they will plan for later life.
82% of over 64-year-olds have already started planning for later life, 4% will do in the future, 4% are not going to plan and 11% have no idea when they will plan for later life.
When do you think you will start planning for your later life? i.e. when you start to get older, or when you retire - by sex
Weighted base: Male: 1,045 | Female 1,004
This chart shows that
62% of males have already started planning for later life, 23% will do in the future, 4% are not going to plan and 12% have no idea when they will plan for later life.
56% of females have already started planning for later life, 25% will do in the future, 4% are not going to plan and 16% have no idea when they will plan for later life.
When do you think you will start planning for your later life? i.e. when you start to get older, or when you retire - by disability
Weighted base: Disability: 410| No disability: 1,639
This chart shows that
46% of residents with a disability have already started planning for later life, 21% will do in the future, 9% are not going to plan and 24% have no idea when they will plan for later life.
62% of residents with no disability have already started planning for later life, 25% will do in the future, 2% are not going to plan and 11% have no idea when they will plan for later life.
When do you think you will start planning for your later life? i.e. when you start to get older, or when you retire - by household income
Weighted base: <£19,999 : 325 | £20,000-£39,999: 642 | £40,000-£59,999: 410 | >£60,000: 441
This chart shows that
43% of households with an annual income of under £20,0000 have already started planning for later life, 15% will do in the future, 11% are not going to plan and 32% have no idea when they will plan for later life.
54% of households with an annual income of £20,000 – £39,999 have already started planning for later life, 31% will do in the future, 3% are not going to plan and 13% have no idea when they will plan for later life.
61% of households with an annual income of £40,000 – £59,999 have already started planning for later life, 27% will do in the future, 1% are not going to plan and 10% have no idea when they will plan for later life.
72% of households with an annual income of £60,000 or more have already started planning for later life, 22% will do in the future, 1% are not going to plan and 4% have no idea when they will plan for later life.
When do you think you will start planning for your later life? i.e. when you start to get older, or when you retire - by ethnic group
Weighted base: White: 1,772 | Ethnic minority: 277
This chart shows that
64% of those from white ethnic groups have already started planning for later life, 20% will do in the future, 4% are not going to plan and 12% have no idea when they will plan for later life.
29% of those from ethnic minority groups have already started planning for later life, 47% will do in the future, 3% are not going to plan and 21% have no idea when they will plan for later life.
When do you think you will start planning for your later life? i.e. when you start to get older, or when you retire - by housing status
Weighted base: Property owners: 1,190 | LA renters: 147 | Private renters: 545
This chart shows that
72% of property owners have already started planning for later life, 18% will do in the future, 3% are not going to plan and 8% have no idea when they will plan for later life.
29% of those renting from the local authority or a housing association have already started planning for later life, 18% will do in the future, 15% are not going to plan and 38% have no idea when they will plan for later life.
40% of those renting privately have already started planning for later life, 40% will do in the future, 3% are not going to plan and 17% have no idea when they will plan for later life.
