this post was submitted on 23 Jul 2024
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Two in five not saving enough in pension for even basic retirement (inews.co.uk)
submitted 3 months ago by [email protected] to c/[email protected]
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[–] [email protected] 18 points 3 months ago* (last edited 3 months ago) (3 children)

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.

[–] [email protected] 2 points 3 months ago

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

[–] [email protected] 2 points 3 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.

[–] [email protected] 1 points 3 months ago (1 children)

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.

[–] [email protected] 1 points 3 months ago (1 children)

Assuming that it pays enough to justify an early retirement.

[–] [email protected] 1 points 3 months ago (1 children)

That is dependent on your contributions.

[–] [email protected] 1 points 3 months ago (1 children)

Which the article implies many are struggling to afford.

[–] [email protected] 1 points 3 months ago (1 children)

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

[–] [email protected] 1 points 3 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.