Pension pot for basic living rises 60%
This is a news story, published by Guardian, that relates primarily to Resolution Foundation news.
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average pension pot sizeGuardian
•Pension pot amount needed for ‘basic’ retirement rises 60% in three years
80% Informative
Study by Resolution Foundation thinktank and Living Wage Foundation found cost of living has risen.
Price rises across housing, energy, food and transport have helped significantly’ increase the cost of securing an adequate income in retirement.
The average pension pot required for a basic standard of living in older age has jumped from 68,300 in 2020-21 to 107,800 in 2023-24 .
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