Octopus Money report: Social Mobility: The new toolkit for reward and benefits leaders
Only 35% from less privileged backgrounds feel confident they will have enough to retire comfortably, compared with 67% of those from wealthier families.
And even when on the same salaries, workers from lower socioeconomic groups are consistently 2-3 times more likely to say they couldn’t cover an unexpected £500 expense.
Download the full report to find out:
- 28% of people from lower socioeconomic groups have started investing for their future, less than half the 63% from wealthier backgrounds.
- Nearly four in ten UK professionals come from less privileged backgrounds.
- Employees from less privileged backgrounds who received coaching alongside mentoring were 1.5 times more likely to feel comfortable about retirement and 22% more likely to feel financially resilient.
Supplied by REBA Associate Member, Octopus Money
People are your single biggest investment. We’ll help them get the most out of their pay and pension – by connecting the dots between their dreams in life and their reward at work.
