'It could cost me £10k': Gen Z opting out of pensions amid cost-of-living squeeze
· Economy · United Kingdom
A growing number of young people are opting out of pension schemes due to cost-of-living pressures, with one person saying it could cost them £10,000. The trend raises concerns about long-term retirement security.
Why it matters：Opting out of pensions at scale could leave a generation underprepared for retirement, straining public finances in ageing economies.
Key points
- Cost-of-living pressures are driving the opt-outs.
- One person said it could cost them £10,000.
- The trend is growing among Gen Z.
Sources (original reporting)
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