More than half (52%) of women expect to struggle financially in later life, as do just under half (47%) of men, according to new survey findings released on International Women's Day.
The research also found nearly one in five (19%) people who are now retired had to decrease the amount they set aside for their later years due to the coronavirus pandemic, with some doing so to support family members.
The majority (94%) of retired women surveyed said they need up to £30,000 a year to fund their lifestyle, but 10 per cent reported not being able to afford their household bills.
