Women millennials' perceptions of pension savings through the use of autoenrollment in the UK pension system. (4th July 2019)

• Record Type: Journal Article
• Authors: Foster, Liam; Heneghan, Martin; Wijeratne, Dinali
• Is Part Of: Journal of women & aging. Volume 31:Number 4(2019)
• Page Start: 340
• Page End: 360
• Publication Date: 2019-07-04
• Subjects: Attitudes -- gender -- pensions; Social work with older people -- United States -- Periodicals; Social work with women -- United States -- Periodicals; Older women -- United States -- Periodicals; 618.97
• DOI: 10.1080/08952841.2019.1591889
• Languages: English
• ISSNs: 0895-2841

Abstract

ABSTRACT: There has been concern about younger people, and women in particular, not saving enough for retirement and how to encourage further saving. Therefore, this study—partly funded by the Fawcett Society in association with Scottish Widows—explores female millennials' attitudes and motivations toward pension saving and automatic enrollment through the use of 40 semistructured interviews and a focus group. The findings show that although the introduction of autoenrollment pensions is generally positively received, pensions knowledge is still limited, and this intensifies the risk of undersaving for retirement among millennial women, particularly given women's diverse work histories.