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Rise of the one child family. Who will fund the pensions black hole?

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Comments

  • sh856531
    sh856531 Posts: 452 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    CLAPTON wrote: »
    you haven't understood my post

    Eh? I wasn't even replying to you....

    S
  • sh856531
    sh856531 Posts: 452 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    kabayiri wrote: »
    2 or 3 years back, during 'boom time', the Tonight program had a pension expert advise a bunch of workers on what they needed to pay into a pension to achieve 15K per annum when they retire.

    One guy needed to save 250 pm, the other 400pm. Each of them shook their head, realising this was unachievable. Net result? They decided to do nothing.

    Maybe we need a different approach.

    Make living costs for pensioners much cheaper. Things like support for energy bills, council tax, free public transport.

    Then they wouldn't need as much money to live.

    Riiiiiiiight. And who's going to pay for this old people subsidy? Me, I'm guessing - which means I'll have even less money to save for my own retirement.

    Hmm - seems like a bit of a circular argument...

    Best Regards

    Simon
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