Almost a quarter of under-35s are more concerned with
putting money aside for a deposit to buy a home rather than pay it into a
pension pot. Nottingham Building Society (NBS) said that 24% of this age group
was more focused on saving for a home than saving for retirement, with only 8%
targeting pensions. Research shows that 34% of under-35s are either saving for
the first home or to move home, compared with 18% of the population as a whole.
Retirement saving is the main saving and investing priority for the population
as a whole with 24% selecting it ahead of 23% who say having cash for
unexpected bills is their main priority. But it only becomes the major priority
when people reach the age of 45. Read more on the Housing Excellence website.
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