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PRO

Time's running out.....

Just enjoying some 'reading time', feet up & drink in hand and read a business article that nearly made me choke .... Statistic 1: Government statistics estimate that it is likely that anyone currently under 55 will likely work until they are 74 to receive a comparable state pension based on current tends Statistic 2: the average life span of a 'normal UK male' will be 78 years by that time. Hell, when I retire I had better make my Bucket List short then !!!!! Seriously, it shows that to have any sensible retirement one must start out early and look at all means & methods to build sufficient wealth for old age as the State Pension will not be the answer. One can debate all the policies, the colour of the government etc but suggest like most things financial, the majority of the normal working public are 'screwed'..... Blimey, time for another Bierre.....

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  • I took A-level economics in 1984. Failed, but took it!

    Back then, the figures were that only two-thirds of men even reached retirement age. One third died without ever needing a pension. I think it was 60 back then, but might have been 65. Pensions were only ever meant to pay out for a few years at most.

    We're now looking at average life expectancy hitting 100 within a few generations. Medical science is prolonging life at huge costs, but you have to pay for what could be 40 years of retirement somehow....

    It's scary that we'll have to pay massive taxes to fund the new advances in medicine to keep us alive, but then we have to think about how to pay for all the people we've kept alive who want to retire...

  • PRO
    God, that is so depressing!
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