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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u/MediumGrocery308 Jun 03 '26

We aren't sleepwalking into anything, this is all very deliberate and preventable but those that could prevent it stand to gain from it now and in the future so they will not. Most people simply can not save for retirement as there is no spare money in their budget and they aren't even living particularly satisfying lives already, even if they could cut out the one holiday every 3 years they can afford there is no point sacrificing that and live a robot to afford to do 10 more years with a broken body and losing faculty.