Pensions – or property? As the cost of living increases, it’s increasingly difficult for young workers to achieve one of these financial goals — let alone both.

On this week’s episode of the Money Clinic Podcast, host Claer Barrett meets Ashley, 28, who works in the tech industry and dreams of owning her own home.

He is currently renting with friends in east London, and he is well aware that the average first-home buyer’s deposit is now over £57,000, more than double what it is in the capital.

The time it takes to save the deposit makes his Cash at the mercy of rising inflation — However, his investments in stocks and ESAB shares have had a very mixed performance. How does he compare retirement savings with all of this?

Podcast guests Paul Johnson, director of the Institute for Finance, and Jason Butler, finance expert and FT columnist, have a lot to say about the financial challenges young investors face and tips for developing long-term financial strategies.

To listen, search for Money Clinic anywhere you get a podcast, or click the embedded link above.

If you would like to be a future guest on the Money Clinic Podcast, please email the team at [email protected] or follow Claire on social media @Claerb.