Up to half of spenders in the UK are not preparing their finances adequately for the future, according to a new survey.
Findings from Scottish Widows revealed that 51 per cent of people are putting enough money away to save for their retirement.
Only 25 per cent of people not saving say they do not carry short term debt over from one month to another, showed the research.
Ian Naismith, head of pensions market development at Scottish Widows, said that the lack of financial forward thinking is "a real worry".
"While the savings message that we have been campaigning on for several years is getting through, with people scared that they will not have enough to live on in retirement, this hasn't necessarily translated into pensions savings," he added.
The research from Scottish Widows suggested that over four out of ten people felt better off five years ago than they do today.
Previous findings from the firm showed that 'adult children' can borrow up to £12,000 from a parent in a lifetime.
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