| In the summer, the government launched a consultation on the future of the State Pension age | Research has found that there’s a dip in financial confidence when UK adults reach their 50s | Discussing finances is taboo for many Brits, although younger generations may be pushing for change |
A midlife dip in financial confidence
Research1 has found that there’s a dip in financial confidence when Brits reach their 50s. Only 33% of people aged 50-59 feel positive that they will retire comfortably. This is the lowest of any age group, with 49% of young adults and 46% of over-60s feeling confident about retirement. The research explores how altering our mindset about ageing can help people face the future – both mentally and from a financial perspective.
Brits missing out on important money conversations
Talking about finances is a taboo for many UK adults, although younger generations may be pushing for change. Research2 has found that Brits are more likely to discuss politics and current affairs (50%) at the dinner table than finances (29%). However, Gen Z (42%) and Millennials (36%) are more inclined to broach the topic of money than Gen X (23%) and Baby Boomers (21%).
Despite their willingness to have financial conversations, 31% of Gen Z and 28% of Millennials still feel uncertain about managing their money. Investing is even more of a taboo, with 52% of all survey respondents saying they wouldn’t discuss this topic with anyone.
State Pension age review
In the summer, the government launched a consultation on the future of the State Pension age, which will include the benefits of linking the State Pension age to life expectancy. The State Pension age is currently 66 and is set to rise to 67 by 2028 and 68 between 2044 and 2046. The review is due to conclude in 2029.
1Aegon, 2025, 2Investment Association, 2025
The value of investments can go down as well as up and you may not get back the full amount you invested. The past is not a guide to future performance and past performance may not necessarily be repeated.
