A new YouGov poll for the DWP confirms the dangers of a lifestyle culture. The bottom line: many young people now expect to enjoy certain luxuries when they retire, without having to save in the meantime.
There are, however, signficant regional variations. 84 percent of Scottish under-34 year olds expect the same lifestyle when they retire, compared to 37 percent in Tyne Tees. Whilst two-thirds in the South-West haven’t started saving yet, compared to one-third in Wales.
When the two factors are combined – to calculate the expectation/saving gap – it’s the South-Westerners who top the “head in the clouds” chart:
| 1 | South West |
| 2 | Scotland |
| 3 | West Midlands |
| 4 | South East |
| 5 | East Midlands |
| 6 | North West |
| 7 | Yorkshire |
| 8 | London |
| 9 | Wales |
| 10 | Tyne Tees |
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