The next generation face being in their 50s before they have paid off their student loans and in their 60s before they are mortgage free, research has shown today.
The Scottish Widows study argued that rising life expectancies, combined with people being saddled with large debts earlier in life, mean that today's children should start saving for their retirement at the age of 25 if they want to enjoy a comfortable old age.
Economist Steve Lucas argued that financial pressures from university and housing costs will mean that the next generation will only be able to afford smaller pension contributions, meaning they need to start saving from around 25 years old to prepare for 30 years of retirement.
More top news
Among those expected to attend the ceremony will be former US President Bill Clinton and ex-Northern Ireland first minister Peter Robinson.
Five people have been killed and 40 injured after a car and knife attack in London on Wednesday.
A wet, wintry night in places with rain and hill snow slow to move away from southern Scotland and northern England.