We know financial wellbeing can be impacted by how we compare ourselves to others, with these top five things most likely to be used as a point of comparison against a person’s peer group: How content they are with their lives Good work/life balance The type of property they live in Amount of time spent with family and friends The type of holidays they take agree that having some savings in a pension gives then a better feeling of financial wellbeing said they see paying into a pension as a positive thing are less inclined to take any action because it’s taken care of for them overall grudge paying into a pension Awareness remains low with many people simply not aware that they are saving into a workplace pension or are receiving an employer pension contribution. Understanding remains low and even if individuals are aware, they don’t know what to do about it. Auto-enrolment may have had some (small) impact on mindset and saving psychology, but there’s a long way to go. 78% 48% 75% 13% A decade of auto-enrolment: has it helped or hindered saving psychology? 15
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