Generation concerns differing increasingly, says study

Generation concerns are differing increasingly, according to a study from Abbey.
A new rift has developed between the concerns of 50 to 65-year-olds, compared to the 65-plus generation.



The survey, which looks at leisure spending and working trends across the UK, asked over-50s what they considered to be the 'greatest threat' to their quality of life.

The 50 to 65 generation – which includes the baby boomers of the 1950s – thought personal finances and government policy posed the greatest threat, with 18 per cent and 20 per cent of respondents highlighting these issues, respectively.

Meanwhile, over-65s believed that personal health and crime posed the greatest threat, at 27 and 20 per cent respectively.

Reza Attar-Zadeh, head of at savings at Abbey, said: "There is a clear division in the perceptions, habits and mentality of the 50 to 65 generation compared to that of the 65-plus generation."

Attar-Zadeh added that 50 to 65-year-olds "are more affluent than their predecessors, are lifestyle oriented and place great value on their leisure time".

The 50 to 65-year-olds, who spend the most on travel out of any generation, now hold 60 per cent of all savings – and are responsible for over 40 per cent of all consumer demand in the UK.

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