Young Want To Retire Earlier

A survey by the Money Management Institute (MMI) and Aon shows that 45 per cent of investors aged 35 and under say they want to retire at a younger age than they had planned pre-pandemic, with two thirds wanting to stop working when they are 55. More than half of respondents under 35 said they had increased their expected retirement budgets since COVID and just 43 per cent of all investors said that they are confident of achieving their financial goals. Younger investors are more interested in guaranteed income solutions than their older peers, with 39 per cent being very willing to give up returns for certainty as compared to their older counterparts (18 per cent).