This report explores attitudes to, and plans for, retirement among a large cohort of British men and women born in 1958, with a particular focus on those who have experienced poverty during their working lives. This cohort, part of the so-called “Baby Boomer” generation, is now in its late 50s, and can expect a longer life expectancy than previous generations. There has been increasing awareness within policy and research circles that with increased longevity comes the need either to save more money over the life course or work longer in order to finance retirement. The 1958 cohort has therefore been subject to significant pension and employment policy reforms designed to encourage longer working lives. In this report, we use the uniquely rich data available in a birth cohort study to explore the lifelong and current factors that impact on retirement plans and expectations. In doing so, we focus in particular on the attitudes, experiences, plans and expectations of cohort members experiencing low family income, poverty and/or worklessness in their adult lives. This mixed methods research project draws on quantitative and qualitative data from the 1958 birth cohort study (also known as the National Child Development Study, or NCDS). Quantitative data have been collected from study members throughout their lives, most recently at the age of 55 in 2013 when 9,137 individuals took part. By using this rich longitudinal data, we are able to explore how experiences throughout the working life are associated with retirement attitudes, aspirations, plans and expectations. The qualitative interviews were conducted specifically for this research project
