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Can you guess the top 3 money fears of under thirty-year-olds?

A new survey conducted by deVere Group one of the world’s largest independent financial advisory, asset management and fintech organisations, has unveiled the top three money fears of people under the age of 30.

The survey, which delves into the financial anxieties of this demographic, offers valuable insights into the challenges they face in managing their finances.

In an era defined by rapid technological advancements and shifting economic landscapes, the financial concerns of the younger generation have taken on a distinct shape.

With responses from more than 750 participants, the survey captures the nuances of their financial apprehensions, offering a glimpse into their aspirations and worries.

The top three money fears identified in the survey are debt (48%), income insecurity (26%), and inadequate retirement funds (15%), other (11%).


“With nearly half of respondents expressing anxiety over student loans, credit card debt, living costs, and other financial responsibilities, debt’s pervasive grip on young adults’ financial well-being remains undeniable,” says deVere Group CEO Nigel Green.

“The fear of long-term indebtedness often affects life decisions, including career choices and the ability to make major purchases.

“Addressing these challenges requires a joined-up thinking approach that includes financial education, responsible borrowing practices, specialist financial advice, and policy measures designed to making education and housing more affordable.”

He continues: “In an era characterised by economic uncertainty, changing job markets, and tech developments, the fear of unemployment or irregular income streams appears palpable among this demographic. Young adults often grapple with building a solid financial foundation whilst navigating the gig economy and evolving employment structures.

“The lack of stable employment can lead to financial stress, affecting not only their immediate livelihood but also their long-term financial goals.

“As they navigate this dynamic landscape, seeking adaptable skills, staying informed about industry trends, and cultivating a resilient mindset become vital strategies for under 30s to weather job uncertainty and secure a stable future.”

The survey also revealed that 15% of the under 30s are anxious about their ability to secure a comfortable retirement.


It seems that amid the evolving landscape of work and retirement, young adults are increasingly aware of the need to save for the future. But are also aware that various financial pressures often hinder their efforts to build sufficient retirement funds.

“We understand that life can often get in the way, but if you delay saving for retirement, you could be in serious danger of running out of money in the future,” explains Nigel Green.

“The earlier you start saving, the more time your money has to grow and enjoy the benefits of compound interest.

“If you delay saving for your retirement, the amount you will need to save will increase steeply. Time is your best weapon in the fight against a financially insecure retirement.”

The survey underscores the unique challenges faced by individuals under 30 in today’s economic climate. As a leading financial advisory organisation, we are committed to addressing these concerns by providing tailored advice and empowering young individuals with the knowledge they need to make informed financial decisions.

“The survey findings signal a call to action for financial institutions, educators, and policymakers to develop targeted strategies that address the serious and legitimate financial worries of the younger generation,” concludes the deVere CEO.


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