The House Crowd recently surveyed 2,000 members of the British public about their savings habits, how much they think they need to save for retirement, and their knowledge of workplace pension schemes.

Here’s what we found.

How much money do you save on a monthly basis?

Total 18-24 25-34 35-44 45-54 55-64 65+ Male Female
£0 20% 17% 14% 18% 22% 30% 19% 17% 22%
£1-£50 28% 33% 26% 28% 33% 24% 23% 22% 33%
£51-£100 14% 14% 13% 14% 14% 14% 15% 15% 13%
£101-£200 11% 9% 12% 11% 11% 13% 13% 12% 11%
£201-£300 11% 13% 11% 13% 7% 9% 11% 13% 8%
£301-£500 7% 4% 8% 7% 6% 5% 10% 8% 6%
£501-£999 6% 7% 10% 4% 5% 3% 6% 8% 3%
£1000+ 4% 3% 5% 4% 3% 2% 4% 5% 2%

 

Do you think you are currently saving enough for retirement?

Total 18-24 25-34 35-44 45-54 55-64 65+ Male Female
Yes 33% 26% 29% 23% 22% 35% 59% 42% 24%
No 67% 74% 71% 77% 78% 65% 41% 58% 76%

 

Do you know how much your employer contributes towards your pension or retirement savings plan?

Total 18-24 25-34 35-44 45-54 55-64 65+ Male Female
Yes 30% 25% 43% 34% 33% 30% 14% 36% 24%
No 34% 48% 39% 43% 37% 29% 8% 32% 35%
I don’t work 36% 27% 18% 23% 30% 41% 78% 32% 40%

 

Have you checked your auto enrolment pension account since the scheme launched in October 2012?

Total 18-24 25-34 35-44 45-54 55-64 65+ Male Female
Yes 22% 29% 35% 24% 21% 17% 6% 27% 17%
No 48% 44% 44% 53% 48% 53% 43% 48% 47%
I don’t know what auto-enrolment is 31% 27% 22% 23% 31% 30% 51% 25% 35%

 

How much do you think you will need to save for a comfortable retirement?

Total 18-24 25-34 35-44 45-54 55-64 65+ Male Female
Up to £50,000 21% 23% 18% 21% 21% 19% 24% 20% 22%
Up to £250,000 35% 30% 37% 37% 40% 38% 30% 38% 34%
Up to £500,000 20% 24% 19% 20% 18% 19% 22% 22% 19%
Up to £750,000 9% 13% 10% 7% 8% 10% 7% 8% 10%
Up to £1,000,000 14% 10% 17% 14% 13% 14% 17% 13% 16%