Retireesâ incomes squeezed to support their families
Category: Lifestyle & retirement & savings & Uncategorized
Two in five (39%) people planning on retiring this year provide financial support to their families or other dependants, according to new research by Prudential. The research into the âClass of 2014â is Prudentialâs seventh annual study tracking the future plans and aspirations of people who plan to retire in the next year. It reveals that retirees who still provide regular support to their dependants pay out an average of ÂŁ250 per month, or ÂŁ3,000 over the course of a year.