Like many Americans, adults in the United Kingdom are in denial about what they need to save for retirement.
A new survey by the Equity Release Council found that 65 percent of the U.K. population struggles with saving. Thirty percent of those surveyed say they are hassled and overstretched, 19 percent are in denial and 16 percent are lost and confused about the steps they need to take.
Only 16 percent showed signs of being savvy by taking a conscientious approach to saving for retirement. Another 19 percent are cautious optimists who appreciate the need for action and are confident they still have time to prepare.
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