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Young save more for pension than any other group

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Comments

  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    Masomnia wrote: »
    It's 'workers' by the looks of things. I went to the trouble of finding the report.

    But I don't see why that should be a problem. We had that other survey a few months ago that showed that the young put away a higher proportion of their income than any other age group, so I don't see why this is a massive shock.

    so definitely not 60% of people under 30 years old
  • Carl31
    Carl31 Posts: 2,616 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper Combo Breaker
    Masomnia wrote: »
    Why does it sound high to people?

    Are their better stats available or is it just prejudice?

    Yoof only spend their money on coffee and iphones, and lately I have noticed gym memberships being mentioned (according to many on here)

    therefore, any sign of financial success or sense by anyone under 330 is obviously wrong or a lie

    yoof have to buy houses too, else they die
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Graham_Devon wrote: »

    So seems the young are not as wasteful as many try to make out.

    Not really surprising that their peers are either buried in debt or busily spending their savings in retirement.

    A change of culture will take a while longer too feed through.
  • AndyGuil
    AndyGuil Posts: 1,668 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Even with this level of pension investment they will struggle to match current pensions given to previous generations.
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    AndyGuil wrote: »
    Even with this level of pension investment they will struggle to match current pensions given to previous generations.

    Phew, theres some comfort then ;)
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    AndyGuil wrote: »
    Even with this level of pension investment they will struggle to match current pensions given to previous generations.

    but they will live longer
  • AndyGuil
    AndyGuil Posts: 1,668 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    CLAPTON wrote: »
    but they will live longer

    True, probably. Also retire later.
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    AndyGuil wrote: »
    True, probably. Also retire later.

    sounds good to be alive though
  • wotsthat
    wotsthat Posts: 11,325 Forumite
    Graham_Devon wrote: »
    Sorry Sherlock, but the two things are not linked.

    It may be harder to get a job, but of those who have, as a percentage, they put a greater amount into their pensions than their older peer groups.

    Hmm. So are the young saving more for retirement than any other group?

    it sounded unlikely at the OP and you seem to be confirming it.p
  • mayonnaise
    mayonnaise Posts: 3,690 Forumite
    Graham_Devon wrote: »
    Sorry Sherlock, but the two things are not linked.

    It may be harder to get a job, but of those who have, as a percentage, they put a greater amount into their pensions than their older peer groups.

    I'm sorry, but you stated....
    Graham_Devon wrote: »
    Income falling relative to inflation. Jobs harder to get. Lots of zero hour contracts. House prices and rents increasing.

    ....so even for those who do have a job, all the bolded ones should still be issues?
    Don't blame me, I voted Remain.
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