THE GUARDIAN: Data shows 44% at risk of struggling to afford food and heating after leaving workplace
Close to half of individuals who identify as LGBTQ+ are heading for a retirement where they are at risk of struggling to afford such basics as food and heating, according to new UK data.
Looking across various measures including amounts saved and pension scheme membership, researchers concluded that members of the LGBTQ+ community were “far more likely than the general population” to struggle in retirement.
The insurer and pension provider Scottish Widows’s latest retirement report found that 44% of people who identify as LGBTQ+ are not on track for even a minimum retirement lifestyle, as defined by one of the main pension bodies, which means they are “at risk of not covering [their] needs” when they are older. That contrasts with the national average of 35% of people who risk falling below the threshold. » | Rupert Jones | Saturday, August 19, 2023
