Having adequate household savings is crucial for families. Savings can act as a buffer in times of economic difficulty and long term savings can also ensure an acceptable level of income after retirement and the means to pay for social care.
But there is widespread recognition that UK households have saved insufficiently in the past. Re-building the financial resilience of households and ensuring that they save adequately for later life are crucial long-term public policy goals.
This event will see the launch of a new SMF publications looking at the long-term savings future of UK households, and the changing nature of the relationship between the state and the individual. Join us to debate what factors are likely to affect the adequacy of savings levels of the population in 2032 and what these trends mean for public policy.