Most think their health is above average 

• Worldwide 55 million people have dementia, this number will increase exponentially as the proportion of older people in the population increases1
• However only 4 in 10 respondents have thought extensively about planning for cognitive decline like Dementia
• And only 1 in 10 believe their health is below average

1 World Health Organisation (2021)

But expect to die before they reach average life expectancy

• People think that they will live (on average) to age 80.
• But actual life expectancy (on average) will be 85 years i.e.5 years longer.
• The chart below shows what age people expect to live to, based on current age.

Average value of retirement savings

And many cannot afford to lose in a market crash

And the less money saved, the higher the expected annuity rate

• Expectation is greater than reality, particularly for those who have not saved enough

n=380
Average expected income in retirement by amount saved for retirement