Millions Of Young Savers Are Giving Up On Their Pensions | Megan Harwood-Baynes

By Times News

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“Only 6 per cent of Plan 2 student loan holders are actually paying off any part of their debt...it is causing this rise in younger people to opt out of their workplace pensions.” Young workers are abandoning workplace savings to cope with heavy student debt and soaring rent, but skipping out on early contributions could cause a “retirement crisis”, says senior money reporter for The Times, Megan Harwood Baynes. Megan Harwood Baynes was speaking to Jane Garvey and Fi Glover on Times Radio. Listen live every Monday to Thursday, 2-4pm. Read the best of our journalism: https://www.thetimes.com/ Listen live to Times Radio: https://www.thetimes.com/radio/live Subscribe to The Times and The Sunday Times YouTube channel: https://www.youtube.com/subscription_center?add_user=timesonlinevideo Find us on Facebook: https://www.facebook.com/timesandsundaytimes/ Find us on X: https://x.com/thetimes Find us on Instagram: https://www.instagram.com/thetimes/

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