Underestimating the cost of living in retirement

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This 423 word blog post looks at the findings from the latest Global Investor Study from Schroders, how much living expenses will cost in retirement and setting realistic expectations. Written on 4th July 2018.

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How much will you spend in retirement? It’s an important question when you’re planning for the future, as the cost of living in later life can make the difference between having enough and running out of money. According to some new research, higher than expected living costs in retirement are resulting in people having to make changes to their retirement plans or their budgets. The findings are part of the annual Global Investor Study from Schroders, which looked at the financial habits of more than 22,000 people around the world, including more than 1,000 people here in the UK.