Many will have to delay their retirement, experts warn, as people cannot afford to save more in their pension pot
  • Luvs2SpujEnglish
    18·
    9 months ago

    I don’t expect to reach retirement age as it will keep increasing. If I do make it that far, I expect having to work so long to get there that I will be pretty much a husk of a human.

    That isn’t to say I’m not paying into one, but I probably am in the ‘not adequately saving’ group because I want to enjoy the time I have now as best I can.

    The future is terrifying and causes a lot of anxiety…

    Edit: also wasn’t the state pension supposed to cover a basic retirement!? Fuck.

    • XIIIesqEnglish
      2·
      8 months ago

      Yep, two years of arthritis and then death, what a brilliant retirement it will be!

    • XIIIesqEnglish
      2·
      8 months ago

      I believe you could scrape by on a state pension if you have your accomodation paid for, but it’d be absolutely no frills and if your rent is £1000pcm, you’re absolutely fucked.

    • ABCDEEnglish
      1·
      8 months ago

      If I do make it that far, I expect having to work so long to get there that I will be pretty much a husk of a human.

      You can get your pension much earlier if you do a private one.

      • XIIIesqEnglish
        1·
        8 months ago

        Assuming that it pays enough to justify an early retirement.

        • ABCDEEnglish
          1·
          8 months ago

          That is dependent on your contributions.

          • XIIIesqEnglish
            1·
            8 months ago

            Which the article implies many are struggling to afford.

            • ABCDEEnglish
              1·
              8 months ago

              Right, but you’re talking about yourself I assume.

              • XIIIesqEnglish
                1·
                8 months ago

                I was generalising. I think it’s pretty obvious that you can save for an early retirement if you’re lucky enough to have the means to do so.