Research by Skipton Building Society has found that 22% of 25-40 year olds expect to have to help their parents financially in later life due to shortfalls in their pension. In addition, 41% of 25-40 year olds are worried about their parents financial future.
Our view
A sad state for society, but many people have failed to save in the past and still, today, the pensioners of the future are failing to save.