Overview

• Forty percent of adults say they are saving less for retirement because of recent price increases, according to an early August YouGov poll for Axa of 2,009 people.
• The share reporting reduced saving has climbed from about 38% in 2024 and 32% in 2023.
• A slim majority of respondents, 51%, say they are not relying exclusively on the statutory pension for retirement.
• About half of participants report they cannot afford to put more money toward retirement.
• Headline inflation ran near 2.0% year over year in June and July, yet food and service prices remain elevated, keeping pressure on household budgets.