It has been revealed that an alarming proportion of young workers in the UK have no plans in place for their future retirement. It follows an 18-month lockdown period where uncertainty saw 11.7 million employees on furlough leave, costing £70 billion.
Since then and with the easing of coronavirus restrictions the economy has bounced back and most industries have recovered their financial positions. However, a new survey has revealed that a lot of young people have no retirement plans in place.
A recent survey of 1,000 people carried out by Opinium on behalf of Hargreaves Lansdown revealed that over one-third (34 per cent) of people aged 45-54 have no plans in place for their remaining working years. Meanwhile, around a quarter of those aged 25-34 and 35-44 have no plans for working between the age of 50 and reaching retirement, reports the Daily Record.
