Saving for retirement: a review of ethnic minorities in the UK

Orla Gough, Roberta Adami

Research output: Contribution to journalArticlepeer-review

7 Citations (Scopus)


This article examines the saving behaviour of ethnic minorities in the UK. Within the context of pension planning, we investigate saving for retirement patterns in relation to ethnicity, gender and age. We use data from the Family Resources Survey (FRS) to analyse employment status, income, saving types and levels. Although we find profound heterogeneity, ethnic minorities show higher levels of unemployment, lower income and consistently lower levels of saving for retirement compared to our white control group. Disadvantages of ethnic minorities during their working life persist, especially for women, although to a lesser extent than in the past, and continue to affect private savings and prospective retirement income. Indian and Chinese men have experienced the greatest improvements in terms of employment status and income and this is reflected in higher levels of saving for retirement since the mid 1990s.
Original languageEnglish
Pages (from-to)147-161
Number of pages15
JournalSocial Policy and Society
Issue number1
Early online date15 Oct 2012
Publication statusPublished - Jan 2013
Externally publishedYes


  • ethnic minorities
  • retirement
  • Saving behaviour

ASJC Scopus subject areas

  • Sociology and Political Science
  • Political Science and International Relations


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