Pensions, retirement, and growing old. A lifetime will pass. Furthermore, it appears that young Britons are even less inclined to prepare for 40 or 50 years in the future, given the current financial constraints imposed by growing expenses and rent.
According to data science firm Outra, the number of financially vulnerable 30-somethings who have not saved for retirement has climbed by more than 5%, or 72,000, in only the last year.
There are 1.43 million in total.
Neha Solanki (24), an accounts assistant for a London-based PR company, is one of these younger employees who is taking a break from contributing. Her grocery bill increased when she decided to temporarily forgo her pension.
