United Kingdom - The financing of later life - February 28, 2017
The Guardian is publishing an interesting series on retirement, looking at what it looks like for this and future generations, for the rich and the poor, for those looking at 30 years of leisure and others juggling caring responsibilities with their own advancing years. The nine contributions are published every Monday for eight weeks, and then one long, in-depth concluding article. The 1st article discusses opportunities an ageing population brings – and the challenges; the 2nd and 3rd describe the financial situation of pensioners and the necessity to continue work. With so few workers saving enough for their twilight years, retirement is in danger of becoming a thing of the past. That has huge implications for workplaces, and how older workers are treated. The 4th article gives a historical overview. Pensioner poverty began to improve only in the late 70s as the value of the state pension rose and an increasing number (mainly men) were able to benefit from occupational pension schemes, often negotiated by the trade unions.
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