RE: UK STRIKE DAY 30TH NOVEMBER
November 23, 2011 at 3:03 am
(This post was last modified: November 23, 2011 at 3:13 am by fr0d0.)
Pensions have fallen out of fashion and pensions rely on everyone joining ...so it's a failing model that's making those that paid for the ageing dependants of their day (because that's how it works folks) see a time where the current bread winners are opting out of the game. Oops - no money to pay us back now it's our turn.
That and the growing ageing population. Pension models fail where the number of pensioners increases... of course there is going to be less to go around. Look at this graph and you'll see that pensions contributions from the UK Gov't have increased since the 90's from 5% of GDP to 8% of GDP now... but we're getting less money per person _because there are more pensioners to pay_.
Lots of people I know with cash are investing in property to create their own pensions. They can get a definite pay back with that. The same money in a pension now is a waste of time.
That and the growing ageing population. Pension models fail where the number of pensioners increases... of course there is going to be less to go around. Look at this graph and you'll see that pensions contributions from the UK Gov't have increased since the 90's from 5% of GDP to 8% of GDP now... but we're getting less money per person _because there are more pensioners to pay_.
Lots of people I know with cash are investing in property to create their own pensions. They can get a definite pay back with that. The same money in a pension now is a waste of time.
