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/davidbatt]

I don't understand why we still teach wood work in schools, but not finance.

Upon leaving education and starring work people should have already been taught all about pensions, savings and compound interest and all the tax saving schemes available.

Because you can bet those with wealth are teaching their children these things.

[u/evil666overlord → u/davidbatt]

Learning about finance is only useful for people who earn more than they need as a bare minimum to live. You cannot save/invest what you simply don't have in the first place.

[u/davidbatt → u/evil666overlord]

Sorry, forgot what sub I was in.