Why Gen Z could be facing a pension time bomb

Less than one in five view saving for retirement as a top concern upon starting their careers, with 40 per cent opting to prioritise boost their general savings instead of auto enrolment contributions. The government’s recent push to encourage more people to actively contribute to the stock market has also pushed 35 per cent of grads to inject their pay into investing. Despite the struggles of getting on the housing ladder, nearly a third opted to save towards a home instead, over pension contributions. City AM's investment reporter Maisie Grice explains the tough financial decisions facing Gen Z, and the potential for a pension time bomb in decades to come. 🌐 http://www.cityam.com X(formerly Twitter): http://twitter.com/CityAM Facebook: http://www.facebook.com/cityam Instagram: http://www.instagram.com/city_am LinkedIn: www.linkedin.com/company/cityam #pensions #genz #retirement #housing #property #finance #financialnews #uknews #economics