The Lost Pension Generation - Gen X & Millennials

Pensions, retirement planning, millennials, Gen X, and money. Why ignoring your pension could cost you hundreds of thousands.At 28, I made what I now think is one of the most expensive decisions of my life.I opted out of my pension.At the time, it didn’t feel reckless. It felt… rational. I needed cash. I was freelancing. I was living month to month. Retirement felt abstract, distant, irrelevant.But looking back, that one decision likely cost me hundreds of thousands of pounds.And I know I’m not alone.In this episode of It’s All Relative, I unpack why so many people, particularly older millennials and younger Gen X, have under-saved for retirement, and why pensions have become one of the most overlooked (and misunderstood) financial issues of our time.Too young for the gold-plated pensions our parents had.Too early for auto-enrolment.And navigating careers that were anything but linear.In this episode, I explore:

00:00 Intro02:19 Why I Opted Out of my Pension05:12 Family Money Lessons07:01 Millennial Money Squeeze09:09 The Pension Crisis Data10:55 Renting in Retirement11:59 Ant and Grasshopper Wakeup Call16:06 Preventive Wealth Mindset19:38 Community Questions28:59 What Does This Mean For Me?

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