By Mehul Kotecha, Natalie Maplethorpe, Sue Arthur, Naomi Stoll, Rosie Green, Natasha Wood and David Hussey
This report presents findings of a qualitative study carried out in 2011 to explore the views of retired individuals about their current financial situation, what factors influenced these views, their standard of living in retirement and their feelings about their financial future.
It involved in-depth interviews with 30 respondents drawn from the English Longitudinal Study of Ageing (ELSA). All respondents had been retired from their main job for at least two years, had been earning between £10,000 and £40,000 in their last main job and had some pension income over and above the State Pension.
The research was carried out on behalf of the Department for Work and Pensions (DWP) by the National Centre for Social Research.