12. •
1. Expensive
2. Inefficient
3. Ineffective
•
• Pension participation increased from 47 per cent in 2012 to 79 per
cent in 2021.
•
13. •
•
•
• For every £1 reduction in take-home pay, a third was funded through
reduced consumption (34p), with the rest from lower liquid saving or
higher debt.