News
February 2008
Aim high, save low - Poll reveals gaps in young people’s plans and funds for later life
Young people today expect to be able to afford the things they enjoy now when they retire with foreign holidays, satellite TV and gym membership as standard. A YouGov poll has revealed that over half the nation’s under 34 year olds are not saving anything at all.
Two thirds of young people in the South West haven’t started saving followed by just over half of people from the West Midlands and the North West. People in Wales are best at putting cash aside but still a third are not saving anything by the age of 34.
Pensions Minister Mike O’Brien said: “Work and saving should go hand in hand. Pensions aren’t just for pensioners they are a young person’s issue.”