If people in their fifties aren’t saving enough for their pensions, what chance do younger generations have?

Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more SIGN UP I would like to be emailed about offers, events and updates from The Independent. But “we’ve no idea what the state pension might look like in 40 to 50 years time for those currently in their twenties and thirties”, says Ross Leckridge, a chartered financial planner at Aberdein Considine. As Leckridge puts it: “New generations of pensioners will need to take responsibility for managing their own pensions throughout their retirement to make sure they don’t run out.” Young people will have benefited from automatic pension enrolment for much of their working lives. open image in gallery Compound interest means the money you put aside at the start of your career is really important Even though you might be on a much lower salary when you’re young. So if you’re going to be renting, you need to be saving an awful lot of money all your life, because you’re going to need a much bigger pension pot.” open image in gallery There are no easy answers for young people trying to balance saving for a house and preparing for retirement Feeling stressed yet?