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Evening Standard
Evening Standard
Vicky Shaw

Gen Z adults ‘risk creating retirement shortfalls amid living costs squeeze’

Nearly half of Gen Z adults believe they will have to work longer than originally planned to compensate for savings gaps, pensions-finding platform Raindrop said (Dominic Lipinski/PA Archive) - (PA Archive)

More than half (53%) of Gen Z adults aged 18 to 29 could be at risk of reducing their pension contributions over the next year or may have already stopped them, a survey indicates.

The research, commissioned by pensions-finding platform Raindrop, found that younger adults indicated they were particularly at risk of sacrificing their longer term savings to get by in the short term.

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