Tuesday, September 7, 2010

Most believe ‘retirement as we know it is over’

Most believe 'retirement as we know it is over'

Nearly three quarters of people believe retirement as we currently understand it will not be possible in the future, a BBC Newsnight poll has suggested. The last line made me laugh out loud; as I for one feel more than a tad resentful of an older generation living in houses I can only dream of while I pay through the nose for their unfunded final salary pensions, healthcare and State Benefits, with little chance of reciprocation.... All my friends are emigrating; maybe I should too...?

Posted by will @ 01:55 PM (910 views)
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3 thoughts on “Most believe ‘retirement as we know it is over’

  • mark wadsworth says:

    Cue Mr G.

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  • The older generation – older than most people think – are comparatively well off because they had decent incomes during their working lives, except of course for the very many who didn’t. So those in typical middle class jobs retired on reasonable pensions, assuming they paid into them.

    The main reason people will have to work longer is that their wages are now much lower (private sector efficiency?), because more of the loot is being kept by the few in positions to do so. Hence your late working is funding those who retire in their 40s, because they have accumulated great wealth at everyone else’s expense. Wealth creators really means wealth appropriators.

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  • I saw this programme last night and the overall consensus did seem to be that the “baby boomers” had /are having things much better than anyone else in history and better than anyone else will have for the foreseeable future. So perhaps those “baby boomer” bashers on here have a point?

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