Graduates risk halving their income in retirement if they delay saving in a pension until they are 30.
Research carried out by NOP on behalf of HSBC Bank reveals half of 16-24 year olds believe they are too young to be thinking about pensions, however the bank warns this could lead to them losing out in retirement. The survey of 865 adults also shows 90% of 16-24 year olds and 44% of 25-34 year olds are not making any contributions to a pension, with the trend being for people to wait until their mid-30s before they start taking a pension seriously. As the results reveal, the number of 35-44 year olds who are making some kind of pension contributions have risen from 55% of those question...
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