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Comments about ‘Retirement savings full of unexpected bumps, survey says’

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Published: Wednesday, May 15 2013 2:19 p.m. MDT

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Phil Kitchen
UK, 00

Young people are entering the workforce later and leaving home later. And, living at home longer And, it is built into human DNA that parents strive to help their children economically. That said, regular savers have been hammered by low returns on savings investment. The strategies to save banks and financial institutions (and incidentally the bonus systems that apparently are so necessary at senior management levels), have been and are being extracted out of saving investments. In many countries hit by economic recession and depression, savers are hurting badly. The double whammy of government 'austerity policies' means that - for the foreseeable future - older people will be facing hardship. Their savings will produce miniscule returns, their currencies will be devalued, and their healthcare systems will be cut back. There is no easy solution in sight.

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