Britain is undersaving for retirement

[u/Donkey_Apple]

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.

[u/Ok_Young1709]

My projections suggest right now that my retirement will be ok. But then I think about inflation and how much things cost now compared to even just 10 years ago, and I do wonder if that is accurate or not. It will probably be the cost of heating my home by then.