What does the majority of people have at 60ish

bigfreddiel

What's the normal average 60ish person/couple have as regards to pension, savings, property?

fj

StevieJ

How long is a piece of string?

HappyMJ

About 30 to 40 years of National Insurance contributions. Hopefully just about to pay the mortgage off and maybe a couple grand in the bank in a nicely furnished property. At least that's what I hope to have.

Maybe a few kids along the way have depleted those savings to near zero. Maybe a single person might have a bit more. Maybe a husband/wife have divorced them and taken the lot.

ses6jwg

a toyota avensis 1.8 and two bottles of old spice

grizzly1911

StevieJ wrote: »

How long is a piece of string?

I know people that have nothing having "enjoyed" themselves along the way.

I know others that have been prudent have a nice house, tucked some money/investments away and picking up a comfortable pension.

I also know some who have more than they know what to do with.

Don't try and measure yourself against others. Do what you want.

Whatever route you take don't look back and say I wish or blame others for your situation.

bigfreddiel

okay, lets re-phrase the question - what sites will give me stats on average people, by country, by profession and so on.

something along the lines of the mass oservation unit which still exists today

http://www.massobs.org.uk/menu_writing_for_us.htm

fj

Loughton_Monkey

If you want to know "what the majority have...." then this is not average. You would require either the 'mode' or the 'median'.

The 'Mode' seems strictly what you say you require. It would be the figure that most people have. The 'Median' is probably what you really want. It would be the figure at which there are just as many people above it as below it.

Personally, I have no interest in either figure. Any such figure would be summed up, by and large, by the recipient - very loudly - as "Not enough". So if I lived in a population in which vitamin deficiency were rife, to spend hours researching what the 'average' vitamin intake is would, to me, be rather pointless.

I retired when my asset base was around 40 times my annual spending requirement. Anything less would have been (a) probably still well above average, but (b) totally inadequate for me.

bigfreddiel

Loughton_Monkey wrote: »

Personally, I have no interest in either figure. Any such figure would be summed up, by and large, by the recipient - very loudly - as "Not enough". So if I lived in a population in which vitamin deficiency were rife, to spend hours researching what the 'average' vitamin intake is would, to me, be rather pointless.

Good Point

I retired when my asset base was around 40 times my annual spending requirement. Anything less would have been (a) probably still well above average, but (b) totally inadequate for me.

I liked your final para - whats included in your asset base tho'?

Investments, ISAs, savings, valuables, house, car and so on i guess

fj

chris_m

Unless it's a "classic" I wouldn't count a car as an asset, more a liability TBH.

property.advert

I think people should have paid off any mortgage, contributed sufficiently to any pension, paid for their kids to go to university and have already retired or had the option to do so.

ashaput

grizzly1911 wrote: »

I know people that have nothing having "enjoyed" themselves along the way.

I know others that have been prudent have a nice house, tucked some money/investments away and picking up a comfortable pension.

I also know some who have more than they know what to do with.

I am now looking at my parents and obviously they are on your second list. I hope i could be at the same place as they are now in my 60ish