The standard 70-something loves listening to Queen, Abba and The Beatles, reads nine manuals a year and lists Only Fools And Horses, Both Ronnies and Fawlty Towers among their top TV shows, research has actually found.
And while pensions are the main source of income for individuals aged in their 70s, one in three of those in this age group is still functioning regularly, according to Nationwide Building Society Savings.
Some 22% of those surveyed are functioning full-time and 11% have actually a part-time job, while 6% carry out occasional work.
People aged in their 70s will certainly additionally often have actually £300 of disposable income a month to grab by on and £5,227 put away in savings – however they will certainly additionally be in £31,504-worth of debt, including mortgages, credit cards, overdrafts and personal loans.
The standard yearly income for somebody in their 70s was found to be £21,617 – slightly much less compared to the standard 30-year-old that has actually £24,763, according to Nationwide Savings.
Health is a worry for nearly half (49%) of those surveyed, while one in three (34%) worry concerning saving your hard earned cash and 29% are concerned concerning being able to pay their bills.
One in seven (14%) 70-somethings is additionally still harbouring romantic regrets over “the one that got away”.
The study of 2,000 individuals aged between 70 and 79 years old from across the UK additionally found that a Ford is their regular automobile of choice.
People in this age group have actually been settled down in a partnership for much more compared to 30 years and receive 24 visits from family members per year on average.
They holiday abroad once a year on standard and take workout 5 times a week, most most likely by going to the gym or taking a long walk.
Explorer Sir Ranulph Fiennes, 71 – that is a spokesman for the report, said: “While obtaining old can easily be a pain in the neck, it’s a pleasure to see that it’s not simply adventurers of my age that are still energetic and are actually far much better at maintaining up along with ‘the times’ compared to younger generations could think.”
While classic comedies Fawlty Towers, Both Ronnies and Only Fools And Horses were rated the most effective TV shows by those surveyed, The Shawshank Redemption, Schindler’s List and The Excellent Escape were their favourite films.
Other regrets listed by 70-somethings consist of one in three (33%) wishing they had travelled more, 31% wishing they had saved much more and 17% lamenting losing touch along with a friend or family member.
Seventy-somethings got on the property ladder about 5 years earlier in their lifetime compared to the standard first-time buyer nowadays, the findings suggest. Those surveyed said they were aged about 28 once they bought their very first house, whereas according to the English Housing Survey, a first-time buyer is now often 33 years old.
Andrew Baddeley-Chappell, head of savings and mortgages policy at Nationwide Building Society, said: “It’s encouraging to see our latest life stage study breaking some common misconceptions by highlighting the energetic lifestyle of several 70-year-olds, along along with their functioning status and spending habits.
“That’s not to say that older individuals are devoid of worries – along with Good health and wealth remaining involves for many. The 2 prove to the importance of preparation for retirement, maintaining energetic and protecting what’s important.”
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