It’s not all gloom for millennials

The millennial generation could end up with broadly similar levels of retirement income to the generations it succeeds.

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Avocado toast and a pension: millennials have it all
(Image credit: 2017 Getty Images)

It's generally accepted that today's younger workers won't retire on the same generous pensions as the so-called baby boomers now moving into old age with comfortable and guaranteed incomes. However, new research suggests this may not be the case at all. In fact, says the Resolution Foundation, the millennial generation is set to end up with broadly similar levels of retirement income to the generations it succeeds.

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David Prosser
Business Columnist

David Prosser is a regular MoneyWeek columnist, writing on small business and entrepreneurship, as well as pensions and other forms of tax-efficient savings and investments. David has been a financial journalist for almost 30 years, specialising initially in personal finance, and then in broader business coverage. He has worked for national newspaper groups including The Financial Times, The Guardian and Observer, Express Newspapers and, most recently, The Independent, where he served for more than three years as business editor.