Pensions
There’s a very interesting wee article in The Economist this week.
It lists how big pensions are in different countries compared to earnings before retirement. Denmark is slightly above average, but Britain is at the very bottom, with pensions averaging only around 30% of pre-retirement earning.
It’s appalling, to be honest. In effect it means people in this country can only have a comfortable retirement if they’ve paid off their mortgage and have some additional savings, but with rising house prices more and more people aren’t going to have that.
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[...] likely to be enough for a comfortable retirement for most people. Pensioners in the UK are already much worse off than those in other developed [...]