Gen Z workers doubt future of UK state pension, adjust savings plans

Many young workers in the UK say they do not expect to receive a state pension, reshaping their financial and career decisions.

• The state pension age has begun rising from 66 to 67, set to be fully implemented by March 2028.
• The UK government has committed to the triple lock for this parliament, while the Resolution Foundation and the Tony Blair Institute have each called for replacing the state pension system.
• Joel, a 24-year-old engineer, said he is increasing his private pension contributions because he does not believe the state pension will exist when he retires.
• Ashleigh, a 23-year-old, said she opted out of her workplace pension because she needs the money now, prioritizing saving for a house.