Reports and Briefing Notes

The Concerns of Gen Z

Published on Wednesday 26 February 2025

The Concerns of Gen Z, a new report sponsored by the Institute and Faculty of Actuaries (IFoA).

This report examines the unique financial challenges facing Gen Z and how these will shape their ability to achieve financial security in retirement. Using case study profiles, it explores how different career paths affect pension savings. As the first generation to benefit universally from automatic enrolment, Gen Z has early access to workplace pensions. However, their ability to save is constrained by economic uncertainty, high student debt, unaffordable housing, and changing employment patterns. Those that are working in gig economy roles lack access to employer pension provision. The report analyses these challenges and considers potential policy measures to improve retirement outcomes for Gen Z and future generations.

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