I suspect that Nathan is not going by any evidence, Tina. I also suspect that
the picture would not be wildly different from that analysis in the UK. It
might be better in some other parts of Europe – the Netherlands, Belgium and
Germany, perhaps – but again I have no evidence.
However, there might be some misrepresentation of the situation with regard to
retired people in the UK. There seems to be a large measure of generalisation
in some of the articles that I have read over the last year or so. Here’s one
from the Guardian (a generally left-wing, but honest, paper):
http://www.theguardian.com/politics/2015/dec/10/recently-retired-households-greater-share-uk-wealth
<http://www.theguardian.com/politics/2015/dec/10/recently-retired-households-greater-share-uk-wealth>
It paints a rather confusing picture with a mix of units like, “the wealth of
recently retired households has now overtaken that of the one in three
households headed by someone under 45 years of age”.
Whereas the Telegraph (right-wing, sometimes quite sensationalist and
uninterested in the facts):
http://www.telegraph.co.uk/finance/personalfinance/pensions/11944141/Pensioners-are-9-a-week-better-off-than-those-in-work.html
<http://www.telegraph.co.uk/finance/personalfinance/pensions/11944141/Pensioners-are-9-a-week-better-off-than-those-in-work.html>
shows a mix comparisons which is almost guaranteed to give the wrong impression.
But I will concede that salaries are now lower than might have been the case
when I started my career in the RAF, that it’s much more difficult to afford a
house, that savings rates are poor and that current youngsters are much less
likely to be able to afford to save for decent retirement pay. My 2 sons, 32
and 35, have not really got underway with their retirement savings.
Chris
> On 28 Feb 2016, at 16:22, Tina Manley <images@xxxxxxxxxxxxx> wrote:
>
> You live in a different world from me.
>
> http://kff.org/medicare/issue-brief/poverty-among-seniors-an-updated-analysis-of-national-and-state-level-poverty-rates-under-the-official-and-supplemental-poverty-measures/
>
> <http://kff.org/medicare/issue-brief/poverty-among-seniors-an-updated-analysis-of-national-and-state-level-poverty-rates-under-the-official-and-supplemental-poverty-measures/>
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