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Guardian

Pension pot amount needed for ‘basic’ retirement rises 60% in three years

Guardian
Summary
Nutrition label

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 .

VR Score

82

Informative language

81

Neutral language

82

Article tone

semi-formal

Language

English

Language complexity

60

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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