The majority (71.16%) of people said it was harder to retire comfortably than ever before, while 62.6% reported that their pension is simply not enough without additional investments, according to a survey by Investing Reviews.
The survey asked more than 2,000 people their opinions and attitudes towards retirement, pensions and investments.
As tensions in France continue to rise over the raising of the retirement age from 62 to 64, 68.71% said that the UK retirement age (66) should be lowered.
Half of respondents (55.82%) said they were unable to make as many pension contributions as they would have liked to; 42.66% would consider working in an entirely different sector if it meant greater employer contributions.
More than a third (34.93%) did not know exactly how much money was in their pension.
Simon Jones, CEO of Investing Reviews, said: “There are endless debates to be had regarding the UK retirement age and the state of pensions, especially considering the recent rise in retirement age in France and the backlash that received.
“These responses offer a fascinating insight into the attitudes that the British public hold towards pensions and retirement ages, particularly the sentiment that it is now harder to retire comfortably than ever before.”
He concluded: “It will be interesting to see if factors such as the backlash in France to the rise in the retirement age and the increasing difficulty of the cost-of-living crisis have any effect on these sentiments in the future.”
