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Generational finances

In Brief: Generational finances

Thursday, 17 January 2019

The growing concerns millennials have when thinking about their finances and future plans have been as a result of the recent wave of inflation. With rising housing costs, soaring student debt the image of this age group of overspending on luxuries could become and outdated opinion. New research shows that millennials more than ever are putting their financial future first and making sure they are saving for retirement. Auto-enrolment onto workplace pension schemes has seen a successful 66% uptake, and this movement has prompted many to realise that they might not be saving enough for their retirement. Many realise that they have to take into account pension rules and the options available if they want to reach their financial retirement goals.

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