Pensions - Articles - Saga reveals over 50s lifelong dreams


 It's not just the young who are full of ambition and want to see more of the world, as research by Saga Life Insurance shows 64% of over 50s are keen to go globetrotting, while more than a third (35%) still have a passion for learning in later life*.

 Whilst many over 50s have conventional lifelong ambitions relating to family life, such as watching their children or grandchildren walk down the aisle (34%), or seeing the birth of their grandchildren (9%), a vast number say they want to continue learning, exploring and thrill seeking as they grow older.

 Of the one in three who have a thirst for knowledge, 13% say they want to learn a foreign language, but men are more likely to say they want to learn to play an instrument (men 13%, women 8%) and or learn to fly or sail (men 12%, women 4%). A big ambition for the over 50s is to tell their story - one in eight say they would like to write a book, this is shared by all over 50s, male or female, young or old, rich or poor.

 Thrill seeking is a popular ambition amongst a fifth (17%) of over 50s, who say they fancy going on a safari, swimming with sharks, climbing mountains and sky diving, before they put their feet up.

 Interestingly, weight loss is also a top ambition of the over 50s, with a third of women saying they would like to lose a few pounds and a fifth of men saying they would like to ditch the spare tyre.

 However, not everyone will give up their day job and jump on the first plane out of Heathrow to achieve their dreams. While half of over 50s think insufficient funds will stop them from travelling the world, a third say that they just don't think they will ever find the time. However, one in five ambitious over 50s say that they won't let anything get in their way of fulfilling their lifelong ambitions.

 Roger Ramsden, chief executive, Saga Services, commented: "The nations over 50s are not short of ambition, vim or vigour. With family events, lifelong learning and seeing the world high on the over 50s wish-list teenage backpackers better beware - granny and grandpa are following in your footsteps."

 Saga offers a range of Life Insurance products that can help over 50s look after their families if they aren't around to do so. 

Back to Index


Similar News to this Story

£70bn pension risk transfer market forecast in 2026
The UK’s pension risk transfer market is poised for growth in 2026, with activity expected to surpass 2025 as larger schemes undertake more de-risking
Roses are red loves here to stay single in retirement-£230k
With Valentine’s Day fast approaching, new analysis reveals how single retirees need almost £230,000 more in their pension pot than couples to achieve
Pension pitfalls putting employers at growing risk of errors
Employers are in danger of falling into ‘pension pitfalls’ created by complex pension legislation and increased minimum wage, claims Hymans Robertson.

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.