Also, 2 in 5 struggling to make ends meet
Which may result in them opting out of paying into a private pension.
Any reccos for one? I signed up for Vanguard but they required a UK number, and I don’t live there (but I am British).
I don’t expect to reach retirement age as it will keep increasing. If I do make it that far, I expect having to work so long to get there that I will be pretty much a husk of a human.
That isn’t to say I’m not paying into one, but I probably am in the ‘not adequately saving’ group because I want to enjoy the time I have now as best I can.
The future is terrifying and causes a lot of anxiety…
Edit: also wasn’t the state pension supposed to cover a basic retirement!? Fuck.
I believe you could scrape by on a state pension if you have your accomodation paid for, but it’d be absolutely no frills and if your rent is £1000pcm, you’re absolutely fucked.
Yep, two years of arthritis and then death, what a brilliant retirement it will be!
If I do make it that far, I expect having to work so long to get there that I will be pretty much a husk of a human.
You can get your pension much earlier if you do a private one.
Assuming that it pays enough to justify an early retirement.
That is dependent on your contributions.
Which the article implies many are struggling to afford.
Right, but you’re talking about yourself I assume.
I was generalising. I think it’s pretty obvious that you can save for an early retirement if you’re lucky enough to have the means to do so.
This shouldn’t come as any surprise as many people can’t afford basic day to day living costs because of low wages and reduced employee security.
The fuck is a “pension”
I think it’s a guest house or something 🤔
An investment savings fund built up over ones working life to provide an income in retirement.
Is this some European thing I’m too American to understand?
I think it is equivalent to your 401k. Could be wrong though.
My lifestyle is my retirement plan.
Beats getting killed in water wars or starvation.
My wife is older than me. Only other people I have are my parents. When they are gone I will also go. Pure helium.
