Politics
Gen Z workers doubt future of UK state pension, adjust savings plans
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Gen Z workers doubt future of UK state pension, adjust savings plans
Many young workers in the UK say they do not expect to receive a state pension, reshaping their financial and career decisions.
- The state pension age has begun rising from 66 to 67, set to be fully implemented by March 2028.
- The UK government has committed to the triple lock for this parliament, while the Resolution Foundation and the Tony Blair Institute have each called for replacing the state pension system.
- Joel, a 24-year-old engineer, said he is increasing his private pension contributions because he does not believe the state pension will exist when he retires.
- Ashleigh, a 23-year-old, said she opted out of her workplace pension because she needs the money now, prioritizing saving for a house.
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