Millions born in these years most likely not to have enough money for retirement

The workers most likely not to have enough money in retirement – and all the ways to get on track - have been revealed.

Half of state pensioners who are baby boomers are expected to fall short of having an adequate income in retirement, according to research by asset manager Vanguard.

Half of the generation born between 1946 and 1964 are expected to fall short of achieving an adequate income in retirement, 62 per cent of high-income baby boomers – earning over £74,600 – have sufficient savings to meet their income goals in retirement.

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Most low-income workers on less than £17,700 a year will be able to maintain their lifestyle due to reliance on the state pension, even though many will fall short