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.

 

Q1. How much money do you plan to save in the next 12 months?

Age Band

Gender

Region

Total 18-24 25-34 35-44 45-54 55-64 65+ male female East

Mid.

East

Engl.

Lndn. North E. North

W.

N.

Irlnd.

Scot. South E. South
W.
Wales West
Mid.
Yorks. & Hum.
Total 2000 280 360 380 320 300 360 960 1040 142 182 244 86 220 56 174 274 168 104 180 170
[0] £0 14% 7% 9% 14% 17% 22% 17% 12% 16% 14% 13% 6% 10% 21% 12% 17% 13% 20% 15% 12% 16%
284 18 32 52 53 66 62 116 168 20 23 16 9 46 7 30 35 34 15 22 27
[250] £0 – £500 23% 27% 24% 19% 27% 21% 22% 17% 28% 34% 17% 19% 20% 23

%

15% 24% 24% 28% 25% 23% 22%
461 75 87 70 86 62 81 166 295 48 31 47 17 50 9 42 66 47 26 42 38
[750] £500 – £1k 20% 29% 17% 23% 19% 19% 16% 20% 20% 18% 26% 15% 16% 19% 23% 26% 23% 13% 16% 23% 22%
402 81 60 87 61 57 56 192 210 25 47 36 14 41 13 46 62 22 17 41 38
[3k] £1k- £5k 26% 18% 25% 30% 24% 28% 29% 28% 24% 22% 32% 23% 22% 25% 40% 23% 24% 29% 36% 25% 24%
517 50 90 113 75 83 106 270 247 31 58 57 19 55 22 40 65 48 38 44 41
[12.5k] £5k- £20k 14% 16% 21% 13% 12% 9% 14% 20%

 

10% 11% 10% 30% 27% 12% 8% 10% 13% 9% 7% 16% 15%
290 45 76 51 40 26 51 188 102 16 18 72 23 26 5 17 37 16 7 29 25
[20k] £20k+ 2% 4% 4% 2% 1% 2% 1% 3%

2%

2% 3% 7% 4% 1% 2% 0% 4% 0% 1% 1%

1%

46 11 14 7 4 6 3 28 18 3 5 16 4 3 1 0 10 1 1 2 2
Avg. 3257.4 3631.1 4382.7 3164.0 2740.1 2519.3 3014.6 4064.7 2512.2 2600.2 2959.2 5881.6 5058.7 2675.7 2806.2 2142.1 3360.1 2291.3 2300.1 3170.3 2957.5

Q2. How much money do you currently save on a monthly basis?

Total 18-24 25-34 35-44 45-54 55-64 65+ male female East

Mid.

East

Engl.

Lndn. North E. North

W.

N.

Irlnd.

Scot. South E. South
W.
Wales West
Mid.
Yorks. & Hum.
[0] £0 20% 17% 14% 18% 22% 30% 19% 17% 22% 19% 17% 9% 15% 26% 24% 23% 19% 28% 20% 19% 24%
[26] £1 – £50 28% 33% 26% 28% 33% 24% 23% 22% 33% 35% 32% 18% 23% 30% 22% 32% 25% 27% 29% 27% 32%
[76] £51 – £100 14% 14% 13% 14% 14% 14% 15% 15% 13% 12% 15% 11% 14% 15% 14% 14% 15% 13% 18% 17% 12%
[150] £101 – £200 11% 9% 12% 11% 11% 13% 13% 12% 11% 9% 10% 13% 11% 11% 26% 9% 14% 10% 17% 11% 7%
[250] £201 – £300 11% 13% 11% 13% 7% 9% 11% 13% 8% 9% 12% 15% 18% 7% 7% 8% 10% 12% 10% 10% 10%
[400] £301 – £500 7% 4% 8% 7% 6% 5% 10% 8% 6% 7% 11% 12% 7% 5% 4% 7% 8% 4% 4% 4% 5%
[750] £501 – £999 6% 7% 10% 4% 5% 3% 6% 8% 3% 6% 3% 12% 5% 3% 0% 5% 6% 5% 3% 6% 7%
[1k] £1k + 4% 3% 5% 4% 3% 2% 4% 5% 2% 3% 1% 9% 6% 3% 3% 2% 3% 1% 0% 7% 2%
71 7 19 14 9 7 15 45 26 4 2 22 5 7 2 4 9 1 0 12 3
Avg. 169.0 160.1 222.1 165.9 138.8 130.2 185.4 210.3 131.0 156.9 141.4 301.9 206.3 128.1 120.0 138.9 173.3 126.5 107.6 191.2 148.4

Q3. Do you think you will save more money this year than last

year?

Age

Band

Gender

Region

Total 18-24 25-34 35-44 45-54 55-64 65+ male female East

Mid.

East

Engl.

Lndn. North E. North

W.

N.

Irlnd.

Scot. South E. South
W.
Wales West
Mid.
Yorks. & Hum.
Total 2000 280 360 380 320 300 360 960 1040 142 182 244 86 220 56 174 274 168 104 180 170
Yes 46% 66% 62% 48% 37% 37% 27% 49% 43% 44% 51% 61% 58% 45% 45% 42% 46% 35% 34% 44% 39%
916 184 225 183 118 111 96 472 444 62 94 148 50 98 25 73 126 59 36 79 66
No 54% 34% 38% 52% 63% 63% 73% 51% 57% 56% 49% 39% 42% 55% 55% 58% 54% 65% 66% 56% 61%
1084 96 135 197 202 189 264 488 596 80 88 96 36 122 31 101 148 109 68 101 104

Q4. Will Brexit effect how much you can save?

Age

Band

Gender

Region

Total 18-24 25-34 35-44 45-54 55-64 65+ male female East

Mid.

East

Engl.

Lndn. North E. North

W.

N.

Irlnd.

Scot. South E. South
W.
Wales West
Mid.
Yorks. & Hum.
Total 2000 280 360 380 320 300 360 960 1040 142 182 244 86 220 56 174 274 168 104 180 170
Yes, I’ll be able to save more 10% 16% 18% 10% 4% 4% 5% 13% 6% 12% 4% 20% 27% 7% 8% 3% 8% 5% 7% 10% 7%
191 44 65 37 14 13 18 129 63 17 8 48 23 16 5 5 23 9 8 18 12
Yes, I won’t be able to save as much 29% 32% 31% 33% 31% 24% 22% 29% 29% 26% 29% 36% 34% 26% 40% 33% 29% 29% 28% 21% 23%
578 90 112 126 99 72 79 275 303 37 53 88 29 57 22 58 79 49 29 38 40
No 62% 52% 51% 57% 65% 72% 73% 58% 65% 62% 67% 44% 40% 67% 52% 64% 63% 66% 65% 69% 70%
1231 146 183 216 207 215 263 557 674 89 122 108 34 147 29 111 172 110 67 124 118

Q5. What are you saving money for? (Tick all that apply)

Age

Band

Gender

Region

Total 18-24 25-34 35-44 45-54 55-64 65+ male female East

Mid.

East

Engl.

Lndn. North E. North

W.

N.

Irlnd.

Scot. South E. South
W.
Wales West
Mid.
Yorks. & Hum.
Total 2000 280 360 380 320 300 360 960 1040 142 182 244 86 220 56 174 274 168 104 180 170
Retir-
ement
30% 17% 29% 27% 35% 47% 25% 34% 26% 31% 29% 35% 29% 23% 28% 29% 33% 26% 25% 33% 32%
597 47 105 104 111 140 91 330 267 44 53 86 25 52 16 50 89 44 26 59 55
Hol-
iday
42% 40% 51% 44% 44% 33% 40% 45% 40% 34% 39% 51% 54% 41% 33% 50% 43% 35% 32% 47% 36%
844 111 182 167 142 100 143 429 415 48 71 126 47 91 18 86 118 59 33 84 62
Big cons-
umer pur-
chase
21% 33% 29% 22% 14% 15% 16% 25% 18% 21% 20% 31% 28% 18% 21% 12% 20% 21% 19% 25% 22%
428 92 104 85 45 45 57 242 186 29 36 76 24 39 12 20 54 36 20 44 38
Child’s future 16% 11% 29% 21% 16% 7% 7% 17% 15% 16% 20% 27% 19% 10% 11% 14% 15% 6% 5% 18% 18%
314 32 103 80 51 21 27 158 155 23 36 65 16 22 6 25 42 11 5 32 31
Mort-
gage
11% 19% 24% 14% 6% 3% 0% 11% 11% 7% 16% 19 10

%

5% 13% 13% 10% 9% 12% 12% 7%
223 53 88 53 20 8 1 107 116 11 29 47 9 11 7 22 26 15 12 22 12
not saving 16% 11% 11% 16% 20% 20% 18% 14% 18% 19% 13% 11% 10% 22% 18% 17% 14% 22% 12% 14% 19%
319 31 38 60 63 61 65 134 184 27 23 27 8 49 10 30 37 37 12 25 32
Other 10% 11 % 7% 8% 10% 10% 16% 9% 11% 11% 15% 5% 5% 11% 11% 7% 8% 9% 18% 17% 8%
203 31 26 29 32 30 57 84 119 15 28 13 4 25 6 12 22 16 18 30 14

Q6. Do you know what an ISA is?

Age

Band

Gender

Region

Total 18-24 25-34 35-44 45-54 55-64 65+ male female East

Mid.

East

Engl.

Lndn. North E. North

W.

N.

Irlnd.

Scot. South E. South
W.
Wales West
Mid.
Yorks. & Hum.
Total 2000 280 360 380 320 300 360 960 1040 142 182 244 86 220 56 174 274 168 104 180 170
Yes 85% 76% 83% 81% 85% 93% 94% 87% 84% 84% 91% 76% 84% 84% 80% 81% 89% 88% 92% 87% 89%
1709 213 298 306 273 280 339 838 871 120 166 186 72 184 45 141 244 148 96 157 151
No 15% 24% 17% 19% 15% 7% 6% 13% 16% 16% 9% 24% 16-% 16% 20% 19% 11% 12% 8% 13% 11%
291 67 62 74 47 20 21 122 169 22 16 58 14 36 11 33 30 20 8 23 19

Q7. Do you know what an IFISA is?

Age

Band

Gender

Region

Total 18-24 25-34 35-44 45-54 55-64 65+ male female East

Mid.

East

Engl.

Lndn. North E. North

W.

N.

Irlnd.

Scot. South E. South
W.
Wales West
Mid.
Yorks. & Hum.

& The Humber

Total 2000 280 360 380 320 300 360 960 1040 142 182 244 86 220 56 174 274 168 104 180 170
Yes 13% 17% 21% 13% 7% 9% 11% 18% 9% 19% 10% 24% 35% 11% 4% 8% 7% 8% 9% 13% 12%
261 49 76 48 23 27 39 170 90 27 18 60 30 24 2 13 20 13 10 24 20
No 87% 83% 79% 87% 93% 91% 89% 82% 91% 81% 90% 76% 65% 89% 96% 92% 93% 92% 91% 87% 88%
1739 231 284 332 297 273 321 790 950 115 164 184 56 196 54 161 254 155 94 156 150

Q8. Do you know when the ISA investment deadline is?

Age

Band

Gender

Region

Total 18-24 25-34 35-44 45-54 55-64 65+ male female East

Mid.

East

Engl.

Lndn. North E. North

W.

N.

Irlnd.

Scot. South E. South
W.
Wales West
Mid.
Yorks. & Hum.
Total 2000 280 360 380 320 300 360 960 1040 142 182 244 86 220 56 174 274 168 104 180 170
Yes 38% 33% 33% 37% 37% 45% 45% 44% 33% 41% 36% 42% 52% 38% 27% 25% 40% 43% 25% 41% 43%
767 93 119 141 118 134 162 422 345 58 65 102 45 85 15 43 111 72 26 73 73
No 62% 67% 67% 63% 63% 55% 55% 56% 67% 59% 64% 58% 48% 62% 73% 75% 60% 57% 75% 59% 57%
1233 187 241 239 202 166 198 539 695 84 117 142 41 135 41 131 163 96 78 107 97

Q9. Do you understand the difference between a Cash ISA, Stocks

and shares ISA and Innovative Finance ISA?

Age

Band

Gender

Region

Total 18-24 25-34 35-44 45-54 55-64 65+ male female East

Mid.

East

Engl.

Lndn. North E. North

W.

N.

Irlnd.

Scot. South E. South
W.
Wales West
Mid.
Yorks. & Hum.
Total 2000 280 360 380 320 300 360 960 1040 142 182 244 86 220 56 174 274 168 104 180 170
Yes 31

%

34

%

34

%

28

%

21

%

33

%

37

%

39

%

24

%

30

%

31

%

45

%

51

%

28% 22% 23% 29% 24% 22% 32% 34%
626 96 122 108 68 99 133 378 248 42 56 111 44 62 12 41 81 40 23 58 58
No 69% 66% 66% 72% 79% 67% 63% 61% 76% 70% 69% 55% 49% 72% 78% 77% 71% 76% 78% 68% 66%
1374 184 238 272 252 201 227 582 792 100 126 133 42 158 44 133 193 128 81 122 112

Q10. Do you know how much of your savings with a bank/building

society are protected by the Financial Services Compensation Scheme?

Age

Band

Gender

Region

Total 18-24 25-34 35-44 45-54 55-64 65+ male female East

Mid.

East

Engl.

Lndn. North E. North

W.

N.

Irlnd.

Scot. South E. South
W.
Wales West
Mid.
Yorks. & Hum.

& The Humber

Total 2000 280 360 380 320 300 360 960 1040 142 182 244 86 220 56 174 274 168 104 180 170
[0] None 8

%

14% 9% 10% 8% 4% 3% 7% 9% 6% 2% 6% 6% 9% 13% 16% 5% 12% 14% 5% 9%
158 40 33 38 24 11 11 66 92 8 4 15 6 19 7 27 14 20 15 8 15
[1k] Up to £20k 12

%

27% 16% 13% 6% 6% 3% 16% 8% 14% 10% 23% 27% 7% 10% 6% 7% 10% 8% 1% 10%
233 76 59 48 20 19 11 153 80 20 18 56 23 16 6 10 18 16 8 24 17
[25k] Up to £50k 9% 3% 15% 12% 6% 9% 9% 10% 8% 7% 9% 14% 9% 9% 16% 7% 6% 8% 11% 10% 10%
184 9 52 44 19 27 33 97 87 11 16 34 8 19 9 11 16 13 12 18 17
[85k] Up to £85k 35% 20% 16% 28% 40% 51% 54% 38% 31% 36% 36% 27% 22% 38% 31% 33% 41% 34% 33% 31% 44%
693 55 59 106 127 152 194 366 327 51 65 66 19 84 17 58 112 57 34 56 75
No idea 28% 30% 36% 28% 29% 19% 24% 23% 33% 31% 35% 24% 28% 26% 17% 31% 35% 28% 24% 28% 16%
556 85 128 108 91 57 86 217 339 44 63 60 24 57 9 55 95 47 25 51 27
I don’t have savings 9% 5% 8% 9% 12% 11% 7% 6% 11% 6% 9% 5% 8% 11% 14% 7% 7% 9% 9% 12% 11

%

175 14 28 36 39 34 24 61 114 9 16 13 7 25 8 13 20 16 9 22 19
Avg. 51917.3 31570.9 33868.3 44850.8 60384.3 65941.6 69878.8 51407.4 52510.5 53148.2 59387.0 40970.9 36434.8 56352.0 44964.5 49798.3 63026.6 50367.6 47583.9 51072.4 56075.5

Q11. Do you know how much your tax-free Personal Saving

Allowance is?

Age

Band

Gender

Region

Total 18-24 25-34 35-44 45-54 55-64 65+ male female East

Mid.

East

Engl.

Lndn. North E. North

W.

N.

Irlnd.

Scot. South E. South
W.
Wales West
Mid.
Yorks. & Hum.>
Total 2000 280 360 380 320 300 360 960 1040 142 182 244 86 220 56 174 274 168 104 180 170
Yes 39% 36% 40% 34% 33% 44% 47% 44% 35% 36% 40% 46% 49% 39% 27% 33% 39% 36% 25% 48% 41%
785 102 145 131 106 133 169 424 361 51 73 111 42 87 15 58 106 60 26 87 69
No 61% 64% 60% 66% 67% 56% 53% 56% 65% 64% 60% 54% 51% 61% 73% 67% 61% 64% 75% 52% 59%
1215 178 215 249 214 167 191 536 679 91 109 133 44 133 41 116 168 108 78 93 101

Q12. Do you think you are currently saving enough for

retirement?

Age

Band

Gender Region
Total 18-24 25-34 35-44 45-54 55-64 65+ male female East

Midlands

East

of England

London North

East

North

West

Northern

Ireland

Scotland South

East

South

West

Wales West

Midlands

Yorkshire

& The Humber

Total 2000 280 360 380 320 300 360 960 1040 142 182 244 86 220 56 174 274 168 104 180 170
Yes 33% 26% 29% 23% 22% 35% 59% 42% 24% 31% 30% 39% 51% 32% 23% 30% 32% 28% 27% 36% 28%
651 73 106 87 70 104 212 402 249 44 55 95 44 71 13 52 89 47 28 65 48
No 67% 74% 71% 77% 78% 65% 41% 58% 76% 69% 70% 61% 49% 68% 77% 70% 68% 72% 73% 64% 72%
1349 207 254 293 250 196 148 558 791 98 127 149 42 149 43 122 185 121 76 115 122

Q13. Do you know how much your employer contributes to your

pension or retirement savings plan?

Age

Band

Gender

Region

Total 18-24 25-34 35-44 45-54 55-64 65+ male female East

Mid.

East

Engl.

Lndn. North E. North

W.

N.

Irlnd.

Scot. South E. South
W.
Wales West
Mid.
Yorks. & Hum.
Total 2000 280 360 380 320 300 360 960 1040 142 182 244 86 220 56 174 274 168 104 180 170
Yes 30% 25% 43% 34% 33% 30% 14% 36% 24% 26% 27% 43% 52% 27% 15% 29% 31% 16% 26% 28% 35%
603 71 153 130 105 91 52 350 253 36 50 106 45 59 9 51 84 27 27 50 60
No 34% 48% 39% 43% 37% 29% 8% 32% 35% 29% 35% 42% 27% 29% 47% 32% 31% 36% 29% 42% 25%
673 134 141 164 119 86 28 304 369 42 63 102 24 64 26 56 86 61 31 76 43
I don’t work 36% 27% 18% 23% 30% 41% 78% 32% 40% 45% 38% 15% 20% 44% 38% 38% 38% 48% 44% 30% 40%
724 75 65 86 96 123 280 306 418 64 69 37 17 97 21 67 104 80 46 55 68

Q14. Have you checked your auto enrolment pension account since

the scheme launched in October 2012?

Age

Band

Gender

Region

Total 18-24 25-34 35-44 45-54 55-64 65+ male female East

Mid.

East

Engl.

Lndn. North E. North

W.

N.

Irlnd.

Scot. South E. South
W.
Wales West
Mid.
Yorks. & Hum.
Total 2000 280 360 380 320 300 360 960 1040 142 182 244 86 220 56 174 274 168 104 180 170
Yes 22

%

29

%

35

%

24

%

21% 17% 6% 27% 17% 20% 20% 38% 46% 18% 6% 13% 19% 15% 19% 21% 25%
437 81 125 92 67 52 21 257 180 28 36 92 39 40 3 23 52 24 20 39 42
No 48% 44% 44% 53% 48% 53% 43% 48% 47% 43% 45% 45% 39% 47% 49% 49% 54% 51% 55% 50% 41%
952 123 157 202 154 160 156 462 490 61 82 110 33 103 28 85 148 85 57 90 70
I don’t know what auto enrol-
ment
is
31% 27% 22% 23% 31% 30% 51% 25% 35% 37% 35% 17% 16% 35% 45% 38% 27% 35% 26% 29% 34%
611 76 78 86 99 89 183 242 369 53 64 42 14 77 25 66 75 58 27 52 58

Q15. How much money do you think you need to save for a

comfortable retirement?

Age Band

Gender

Region

Total 18-24 25-34 35-44 45-54 55-64 65+ male female East

Mid.

East

Engl.

Lndn. North E. North

W.

N.

Irlnd.

Scot. South E. South
W.
Wales West
Mid.
Yorks. & Hum.
Total 2000 280 360 380 320 300 360 960 1040 142 182 244 86 220 56 174 274 168 104 180 170
[25k] Up to £50k 21% 23% 18% 21% 21% 19% 24% 20% 22% 25% 15% 18% 32% 29% 19% 21% 16% 23% 19% 19% 19%
417 64 64 81 66 57 85 189 229 36 28 44 28 64 11 37 44 39 20 34 33
[125k] Up to £250k 35% 30% 37% 37% 40% 38% 30% 38% 34% 32% 36% 26% 37% 41% 38% 36% 32% 29% 40% 43% 43%
709 85 132 142 130 113 107 361 348 46 66 63 32 91 21 63 87 49 42 77 74
[25k] Up to £500k 20% 24% 19% 20% 18% 19% 22% 22% 19% 18% 28% 23% 14% 15% 11% 25% 24% 18% 23% 13% 19%
405 66 68 76 59 58 79 208 197 26 51 57 12 34 6 43 66 31 24 23 33
[375k] Up to £750k 9% 13% 10% 7% 8% 10% 7% 8% 10% 8% 7% 10% 13% 4% 4% 8% 10% 13% 7% 12% 11%
180 36 35 28 25 30 26 77 102 12 13 23 11 8 2 14 28 22 7 21 19
[500k] Up to £1m 14% 10% 17% 14% 13% 14% 17% 13% 16% 16% 14% 23% 4% 11% 28% 10% 18% 16% 11% 14% 7%
289 29 61 53 41 42 63 125 163 23 25 56 4 23 15 17 49 27 11 25 12
Avg. 206065.2 202629.8 218811.2 199442.3 194545.4 207481.3 212041.9 201602.4 210184.8 203999.5 213241.2 246815.4 158234.9 164499.4 232110.2 191173.7 232232.8 217388.0 192021.6 203945.1 183740.7