This report explores pensions and economic status among the 1958
birth cohort prior to reaching State Pension age.
Pensions and economic status
among the 1958 birth cohort prior to reaching State Pension age
(SPa)
Summary
Pensions and economic status
among the 1958 birth cohort prior to reaching State Pension age
(SPa)
Chapter 2 Appendix
Tables
Chapter 3 Appendix
Tables
Chapter 4 Appendix
Tables
Chapter 5 Appendix
Tables
Chapter 6 Appendix
Tables
Chapter 7 Appendix
Tables
Chapter 8 Appendix
Tables
Details
Research background
This research report was commissioned to examine how
individuals' life histories influence their financial
preparedness for retirement. It focuses on the 1958 National
Child Development Study (NCDS) cohort, who were
surveyed at ages 62 to 65, prior to reaching State
Pension age.
Contribution to the evidence base
Using the 1958 NCDS provides a
unique opportunity to assess the effect of recent
pension reforms and understand individual's
retirement outcomes based on their socio-economic experiences
during working life. It equips policymakers with robust
evidence on the impact on the retirement outcomes and
financial wellbeing of a cohort of the British population
nearing SPa.
Research value
The findings have informed DWP's understanding of retirement
readiness and disparities in pension provision. They support
ongoing policy development aimed at improving pension literacy,
targeting support for disadvantaged groups, and evaluating the
long-term effects of pension reforms.
