“You will work until you die and be happy about it”.
>To get up to the moderate threshold would require about £31,300 a year, while the price for a comfortable standard of living in later life had climbed to £43,100 a year.
It’s important to note that the thresholds for a moderate retirement are more than a lot of people earn, and even more so with the thresholds for a comfortable retirement.
MaximusDecimiz on
Most people born today will work until they die. I am no longer naive enough to think this can be avoided, but I pray we can at least make that work part-time and suitable for the elderly.
BeerLovingRobot on
The basic standard of living pot size of £107k equates to about £100 a month pension contribution for 44 years (65 year retirement , start work at 21). So not a massive mile away if you take into account company contributions, etc.
Obviously that’s the recommended minimum and median salary of £35k is about £190 a month auto enrollment.
Jakes_Snake_ on
All nicely paid for by stock market returns, higher interest rates, all good then?
slackermannn on
I’m all for suicide booths. What’s the point to be in poor health and be forced to work?? I’m not even 50 and I’m already over it all. To think life will get inevitably tougher it’s extremely unappealing. Very happy for anybody else to be immortal and have careers at over 250 years old but it’s not my cup of tea.
MajesticCommission33 on
This is what happens when money is printed by all the governments and we get massive inflation.
bluecheese2040 on
This is not talked about anything like enough. We are fucked with house prices, we are fucked with university prices, we are fucked with rents, we are fucked with stagnant wages, and while we are focussed on this….the amount we need for a basic pension retirement sky rockets.
Millennials onwards should be fuming…cause these fundamental issues will cripple us…its a shame its not one of the in fashionable issues for people to truly rage about tbh.
Proccle on
What’s this fascination with growing old? Euthanise us once we’re past our point of societal use, I don’t see the problem?
8 Comments
“You will work until you die and be happy about it”.
>To get up to the moderate threshold would require about £31,300 a year, while the price for a comfortable standard of living in later life had climbed to £43,100 a year.
It’s important to note that the thresholds for a moderate retirement are more than a lot of people earn, and even more so with the thresholds for a comfortable retirement.
Most people born today will work until they die. I am no longer naive enough to think this can be avoided, but I pray we can at least make that work part-time and suitable for the elderly.
The basic standard of living pot size of £107k equates to about £100 a month pension contribution for 44 years (65 year retirement , start work at 21). So not a massive mile away if you take into account company contributions, etc.
Obviously that’s the recommended minimum and median salary of £35k is about £190 a month auto enrollment.
All nicely paid for by stock market returns, higher interest rates, all good then?
I’m all for suicide booths. What’s the point to be in poor health and be forced to work?? I’m not even 50 and I’m already over it all. To think life will get inevitably tougher it’s extremely unappealing. Very happy for anybody else to be immortal and have careers at over 250 years old but it’s not my cup of tea.
This is what happens when money is printed by all the governments and we get massive inflation.
This is not talked about anything like enough. We are fucked with house prices, we are fucked with university prices, we are fucked with rents, we are fucked with stagnant wages, and while we are focussed on this….the amount we need for a basic pension retirement sky rockets.
Millennials onwards should be fuming…cause these fundamental issues will cripple us…its a shame its not one of the in fashionable issues for people to truly rage about tbh.
What’s this fascination with growing old? Euthanise us once we’re past our point of societal use, I don’t see the problem?