Saving for the future 'mission impossible' for young adults

Two thirds also think that baby-boomers -those aged between 51 and 71 - will be the last generation able to retire with sufficient savings. According to the survey by workplace pensions provider NOW: Pensions, over half of 'Generation Y' expect to be worse off than their parents in retirement, with the majority (68%) blaming rising living costs and a less generous state pension (57%). Over a third (38%) think increased longevity will put a strain on their retirement income. Nearly a third said they don't anticipate being able to cash in on property to fund their retirement, with ov...