More than half (54%) of people born between 1965 and 1980 are heading for 'inadequate' retirement income, according to a new report from think tank The Social Market Foundation.

Generation X people - who are mostly aged between 44 and 59 - are the least positive age group about their finances for 2026 compared to Millennials and Gen Z.

The youngest Gen X households earn around £7,000 more than the oldest as older Gen X members drop out of the workforce or go part-time, putting strain on their retirement savings.