The Herald on Sunday
Young people lack pension knowledge
MORE than three-fifths (62 per cent) of under-35s believe older generations were better educated about personal finance than they were, according to a survey.
And seven in 10 (71%) people in this age group said they would save greater amounts into their pension if they understood more about it, research from pension provider Cushon found.
More than half (58%) believe older people had much better pension options than young people do now.
Three-quarters (73%) of those aged 65-plus think younger generations need much more support to plan for their financial future.
Baroness Ros Altmann, a former pensions minister, said: “Cushon’s research indicates that younger people tend to believe they have been disadvantaged by lack of education at school or home about savings and pensions.”