The secret lives of fifty-somethings revealed!

The average fifty-something earns £19,000, has been in a relationship for 24 years, loves Only Fools and Horses repeats - and avoids exercise and saving, according to research by Nationwide Savings.

Bucket list

And despite being halfway to a hundred, the average person still has a number of things to tick off their bucket list such as seeing the Northern Lights, visiting a dream destination and swimming with dolphins.


However, despite big plans for the future, the average adult over 50 has just £4,511 in savings, and only £297 disposable income each month.

A fifth of those polled do not have a penny to their name in savings, and top worries for this age group revolve around money and lack of plans in place for the future.


The study indicates four in 10 people over 50 have paid off their mortgage in full, while 28 per cent are still paying off their property-related debt.


However, the average person still has debts of up to £4,641.45, three in 10 don’t have any sort of pension plan set up and 52 per cent haven’t yet written a will.

Understandably, while health tops the list of worries for 58 per cent of people, 46 per cent are concerned about saving money and 38 per cent worry about financial security.

Helping family

Having a decent pension to retire on, and being able to support the children and grandchildren financially also appear among the top 10 worries.

But despite concerns about money, those in their fifties claim to be reasonably content with life and the average month will see at least one night down the pub, an evening in a nice restaurant and two days out with the family.


Exercise is also on the wane for those in this age category, three in five people don’t exercise at all while only a third work out the recommended three times a week or more. Although one in five people polled do work out ten times a month or more.


When it comes to retirement – which for some is less than 10 years away – 29 per cent of people say they have no plans whatsoever. However, 27 per cent want to go on multiple hobbies and 24 per cent would like to use the time to embark on new hobbies and interests. A further 15 per cent would like to spend more time with the grandchildren and 13 per cent intend to downsize their property.

Larry Banda for Nationwide continues: “Planning ahead for life events – whether retirement, helping the kids get on the housing ladder or building a nest egg that will enable you to enjoy life – is a worthwhile habit to get into.

Even saving a little over a period of time can make a real difference."