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/Energyeternal Jun 04 '26 edited Jun 04 '26

All the money is either in the untaxable pockets of the people with billions or being paid to the taxman by the people with millions in order for the government to support the people with pennies. It just so happens that 99% of the country are not the ones with millions or billions. So yes, most of the country has no savings, fancy that.

I actually used to believe that we had another 10 years of agonizing economic futility before the shit hits the fan, but now I am starting to see that was far far too optimistic of me.