One in four Millennials favour property over pensions - Zurich

Millennial men more likely to think this way than women

Tom Ellis
clock • 2 min read

A quarter (24%) of the so-called 'Millennial' generation - those aged 18 to 39 - view property as the best way to save for retirement, research from Zurich has revealed.

Just last week, the Bank of England's chief economist Andy Haldane came under fire from advisers and providers alike for suggesting property represents a better investment for retirement than a pension. According to the Zurich research, pensions are still slightly more popular than property as the favourite investment for retirement. Just over a quarter (27%) of the 1,018 people aged 18 to 39 surveyed by YouGov in June said they favoured the more tax-efficient retirement saving schemes. That said, more than a quarter (28%) of 30 to 39 year-olds think property is the best investment st...

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