Gen Z Dream of Early Retirement While Ignoring Alarm Bells

Gen Z dream of early retirement while ignoring alarm bells

Young Brits are eyeing an early retirement, due to a growing belief that investing the minimum will be enough to fund their dream later life, ignoring warnings their savings are falling short. According to Standard Life, on average Gen Z hold ambitious aspirations to retire at 60, earlier than any other generation and years before they are eligible to take their State Pension at 66, which is expected to rise to 68 by the time they retire. Howeve…

Gen Z dream of retiring at 60 - but only one in ten prioritise pensions and 59% believe auto-enrolment contributions will be enough to fund their retirement - IFA Magazine

Gen Z adults (those aged between 18 – 28 years old) are at a pivotal early pensions junction, according to new research from Standard Life, with ambitious retirement aspirations driven by a digital-first, higher-risk approach, and an over-reliance on minimum auto-enrolment contributions, which could leave them at risk of de-railing their retirement hopes by taking the wrong road to saving for retirement. Data from Standard Life’s 2025 Retirement…