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Latest News

Young staff are not saving enough for retirement

by Personnel Today 22 Jan 2004
by Personnel Today 22 Jan 2004

Almost
half of 16 to 24-year-olds believe they will not safe enough money to allow
early retirement, according to new research.

The
study by Virgin Money showed that 47 per cent believe they aren’t saving enough
for later life, with almost two-thirds claiming they are more concerned with
‘living for today’.

Virgin
Money’s Scott Mowbray said: "The dream of early retirement is over – young
people are entering work with a shocking attitude to saving and pensions."

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"Young
workers have the best opportunity to make a difference to their retirement
pots, but need to act now," he said.

By Michael Millar

Personnel Today

Personnel Today articles are written by an expert team of award-winning journalists who have been covering HR and L&D for many years. Some of our content is attributed to "Personnel Today" for a number of reasons, including: when numerous authors are associated with writing or editing a piece; or when the author is unknown (particularly for older articles).

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Personnel Today
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