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The Changing Face of Retirement: The Young, Pragmatic and Penniless Generation sets forth some of the key challenges facing young adults as they seek to balance their immediate financial pressures with the goal of planning for retirement. The survey was based on 10,800 employees in 12 countries worldwide, and
included 2,722 employees between the ages of 20 and 29.
With over half of young people today expecting to be worse off in retirement compared to their parents’ generation, the current generation of people in their twenties find themselves faced with particular challenges in saving for later life.