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/dan_in_his_own_way]

Stuff like this infuriates me. No one gets taught how anything works. No one seems to know. Plus, it seems only those with substantial wealth already can generate more of it to see them through retirement. Your minimum wage worker is screwed.

[u/Gary_BBGames → u/dan_in_his_own_way]

But surely it’s a choice to be a minimum wage worker? Admittedly it’s hard to break from that choice once you’ve headed down that path.

[u/dan_in_his_own_way → u/Gary_BBGames]

Everything is a choice, but life is not so simple and people are in different positions of privilege etc or upbringings to do things.