The 5 Pension Crisis Excuses

April 25th, 2012|

Pension Crisis image

State pension is enough

Put simply it’s not! Can you live off £140 per week? Most people would struggle, particularly with rising food and heating costs. What’s more, the state pension is no more than an elaborate Ponzi scheme. Many people wrongly conclude that the money we are paying into national insurance is creating a state pension fund for future years. In fact the money goes directly to people who are already retired, none of it is put aside for future years. This system in its current form is unsustainable as we are an aging population and there will not be enough working people to support an ever increasing number of retirees, causing a pension crisis.