People aged in their late 40s and 50s are the most gloomy about retirement with one in ten admitting they are unable to imagine life after work, new research reveals.
Around half say they didn't seriously consider their pensions until well into their 40s, and feel they left retirement planning too late.
The 'Generation X' age group is considered the most likely to be under-saving for old age, according to PensionBee which carried out the research.
'Gen X have been squeezed from every angle,' says vice president for personal finance Maike Currie. 'They came of age as final salary pensions were disappearing, meanwhile auto-enrolment arrived later in their careers.
'They have weathered repeated economic shocks while many have found themselves sandwiched between supporting children and caring for ageing parents. It's no surprise their own retirement has sometimes slipped down the priority list.'
