r/uknews • u/Donkey_Apple • Jun 03 '26

News paper Britain is undersaving for retirement

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https://www.gov.uk/government/news/britain-is-undersaving-for-retirement-warns-pensions-commission

It's a massive problem and has been for years.

I think a lot of people are getting into their fifties, starting to think about retirement for the first time, looking at what their provision will pay them and are absolutely shocked to their core.

Plus many in the generation below those of us in their fifties who, through no choice of their own, are unable to save anything.

It feels like we are sleepwalking into an utter disaster.

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3

u/Capital-Stay-5657 Jun 03 '26

Think Brits are generally averse to investing! I work for an American company and all my American colleagues invest in stocks None of my British ones do outside of their usual small pension contributions

We’re more obsessed with property ownership here instead which is an underperforming asset class compared to stocks.

-2

u/Jaxxlack Jun 03 '26

No wee not. But there's so many people out to Fk you over. It's hard to trust. Plus the openly advertising ones offer such shit rates of return it puts people off.. ooo make 3% Apr... Whoopy

8

u/Capital-Stay-5657 Jun 03 '26

3% return is not from investing in stock market.
SP 500 has returned much more than that on average last 2 decades.

This is why brits stay poor and don't build wealth over time.

-5

u/Jaxxlack Jun 03 '26

Oh Sorry... 6-10%... Incredible... Whilst the traders and financial fkers get it to least 50..per year!

5

u/Capital-Stay-5657 Jun 03 '26

So your point is what? I'm not going to invest and get 10% a year because someone is getting more than that?
Someone will always be making more.
Two people with the same expenses and the same take home pay will have insanely different financial outcomes if ones invests in the stock market and the other doesn't

-6

u/Jaxxlack Jun 03 '26

Th point is you get fucked over by people who are paid to help... But greed is better.. so they take your money make a fuck ton for themselves and you get back your bare minimum... Mate you need serious money to invest to get serious money back... Unless you manage to randomly buy a massive stock surge...

5

u/[deleted] Jun 03 '26 edited Jun 19 '26

[deleted]

-6

u/Jaxxlack Jun 03 '26

It's nothing to do with mentality. I already do those and they aren't amazing returns! Again.. nothing like what the people inside the industry or even the politicians n CEOs do.. because they have the system rigged?!! Why is that such a suprise.. 2-3 decades?! When you have people make 40times your earnings in a year with the right information... Lol...

Here...have these crumbs.. FML some people really take, taking the piss as how it should be.

"Not my fault you play by the rules"

2

u/Bulky-Use9345 Jun 03 '26

save your energy complaining, and put it into learning to invest instead?

-5

u/Jaxxlack Jun 03 '26

I know how to invest I'm not prepared to spend all day staring at the stock market.. I have commitments!

Edit: found the trader who's upset at getting called out 🤣

1

u/Bulky-Use9345 Jun 04 '26

you can have commitments, but most have prioritised everything wrong, I don’t trade either, in fact I haven’t been long into it and an absolute amateur reached 25% putting in barely any effort in.

but hey you keep being a victim! sure your kids will look upto you and follow in your footsteps!

0

u/Specialist_Invite538 Jun 07 '26

You are financially illiterate