Millennials put property above pensions as focus of savings

Under-35’s consider saving for a house more important that saving for retirement. According to research by Nottingham Building Society only 8 per cent of the millennials surveyed saw a pension as the main focus of their savings, whilst 24 per cent said that property was their main priority.  The research echoes Bank of England’s chief economist, Andy Haldane, who recently claimed that property, not pensions, was “almost certainly” the best bet for retirement investment. (Read our article: Property or Pension?) The findings also showed that a third of millennials are saving for a home, that's compared to just 15 per sent of the entire population.

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