The attitudes of young employees towards retirement saving
Recent research carried out by Aegon has explored the attitudes of young employees towards their retirement.
It has investigated the feelings of working adults between the ages of 20 and 29 and has found:
- 59% expect to be worse off financially in their retirement than their parents
- 37% believe that they are likely to fall short of their retirement needs
- 27% believe that their retirement shortfall will be large
- 44% do not think that they will be able to choose when to retire.
However, it is encouraging that two thirds are either committed to saving for their retirement or have the ambition to do so.
In order to give yourself the best possible chance of a comfortable retirement, it is a good idea to start saving as soon as possible and to save as much as possible. All employers will eventually be required to put their eligible employees into a pension scheme, starting with the largest employers. If you want to saving into a pension now, you can read more about choosing a pension on our website here...
If you have any questions about saving into a pension, please contact us using one of the following methods.