Why Gen Z Don't Trust Pensions

Gen Z are being told to save into pensions — but many young people no longer believe retirement will work the way it did for their parents. In this video, we break down why so many young people in the UK are sceptical of pensions, from rising rents and student debt to auto-enrolment, low contribution rates, housing costs, the state pension and the feeling that retirement is becoming harder to reach. We explore: Why Gen Z don’t trust pensions like older generations did How auto-enrolment gets people started, but does not guarantee a comfortable retirement Why minimum pension contributions may not be enough How renting can make the retirement gap even bigger Why some young people are prioritising ISAs, investing apps and crypto instead Why the state pension feels uncertain for younger workers How housing costs have turned into a retirement problem Why pensions can still be powerful, especially with employer contributions Whether Gen Z are right to be sceptical, or dangerously underestimating retirement 💳 Tools: 📊 Download the free salary spreadsheet: https://jacob-phillips.kit.com/98e1db... 🧮 Full spreadsheets and money tools: https://www.etsy.com/shop/TheSaversJo... Emma Budgeting App: https://tidd.ly/4tJ1rE9 This is an affiliate link, which means I may earn a commission if you sign up through it, at no extra cost to you. #UKPersonalFinance #Pensions #genz DISCLOSURE & DISCLAIMER: This content is provided for information and educational purposes only and does not constitute financial advice. I am not providing personalised investment advice. You should always conduct your own research or speak to a qualified financial adviser before making financial decisions. Investing involves risk. Capital is at risk and investments can go down as well as up. Past performance is not indicative of future results. Opinions expressed are my own and do not represent any past employer. Timestamps: 0:00 Why Gen Z don't trust pensions 0:38 The retirement deal has changed 1:37 The state pension age keeps moving 2:36 Gen Z's scepticism about pensions 5:05 Gen Z are investing in ISAs instead 7:23 Housing is now a pension problem