Nearly a third of UK children are already worried about retirement

Nearly a third of school children are already worried about saving enough money for their retirement, despite it being more than half a century away.

Scottish Widows has found that young people are more financially savvy than given credit for, as its research reveals 11-18-year-olds have a mature attitude to managing future finances.

Far from blowing pocket money on sweets, games and fashion, almost three quarters of UK kids say they regularly save money (72%) and believe it is ‘a good habit for later in life’ (44%).

Aston spoke to pensions expert Robert Cochran to discuss the research in further detail.

Photo by Colin Watts on Unsplash