Business · Economy · 7 hrs ago
Many young Italians fear they will not have enough to retire
Many young people worry that they will not have enough money to live comfortably when they retire.
In Italy, about six in ten Gen Z and Millennial respondents said they feared reaching retirement without satisfactory financial well-being.
The concern comes as many also struggle to save from their current income.
A study in the United Kingdom uses the term “Generation Nerd” for people who think they may never retire.
In a projection for Italian private-sector employees with continuous 38-year careers, the pension was estimated at 64.8% of final net pay for someone starting work in 2022, compared with 81.5% for someone who started in 1982.
The figures point to a smaller share of final pay being replaced by a pension for the later generation in this comparison.
The figures are projections, and the text gives no further steps or policy changes.
About six in 10 young Italians say they fear reaching retirement without a satisfactory level of financial wellbeing.
The figure covers Generation Z and Millennials, according to Deloitte’s 2025 Global Gen Z and Millennial Survey.
A Censis-Confcooperative analysis projects a lower net pension-to-final-pay ratio for a private-sector worker retiring in 2060 than for one who retired in 2020.
The article says financial anxiety can discourage young people from saving for retirement.
Surveys in the United Kingdom, Germany and the United States also found concerns about retirement security.
- Who
- Young Italians, including Generation Z and Millennials, are among those concerned about retirement.
- What
- About six in 10 fear reaching retirement without satisfactory financial wellbeing.
- When
- Deloitte’s cited survey was conducted in 2025. The article was published on October 11, 2026.
- Where
- Italy.
- Why
- Financial insecurity and concern about the adequacy of future pensions; the article also cites the cost of living as a major worry.
This story does not have two clearly opposing sides.
No direct quotes in the coverage so far.
Opinium surveyed 2,000 adults in the United Kingdom for People’s Pension.
Deloitte’s Global Gen Z and Millennial Survey reported that about six in 10 young Italians feared an unsatisfactory level of financial wellbeing in retirement.
Censis and Confcooperative released a report comparing pension projections for workers retiring in 2020 and 2060.
A forsa survey for ING and Visa asked about retirement expectations among people aged 18 to 30 in Germany.
- Italy
- About six in 10 Gen Z and Millennials fear inadequate financial wellbeing in retirement
- Future pension ratio
- 64.8% of final net pay for the simulated worker retiring in 2060
- Past pension ratio
- 81.5% of final net pay for the worker who retired in 2020
- Career in the projection
- 38 years of continuous private-sector employment
- Retirement age in the comparison
- 67 years
Sources
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