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12% of Gen Z See Pensions as Pointless Amid Financial Strain

3/28/2026

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Summary

Story summary

A UK report finds 12% of Generation Z view pensions as pointless, reflecting financial pressures that hinder retirement saving.
Alex, 28, says rising living costs hinder his ability to save for retirement and create a disconnect with his parents over financial planning.
Mehjabin, 23, a supply teacher, says unstable work makes retirement feel uncertain.
Helen Morrissey emphasizes increasing contributions with pay raises.

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Story summary

A UK report finds 12% of Generation Z view pensions as pointless, reflecting financial pressures that hinder retirement saving.
Alex, 28, says rising living costs hinder his ability to save for retirement and create a disconnect with his parents over financial planning.
Mehjabin, 23, a supply teacher, says unstable work makes retirement feel uncertain.
Helen Morrissey emphasizes increasing contributions with pay raises.