new recession on its way
A few years ago they were telling us to save for our pensions and now the markets we invested in are falling apart. We’re all going to be poor and will continue to be poor when we actually reach an age when the government allows us to retire (God help anyone in their 30s now they’ll be working until they’re 90).
Well now it looks like we’re heading into uncharted territory with the possible breakdown of the European monetary system and a double dip recession looming. Savers are being screwed as are the poor and middle income families have lost badly needed income.
private pensions dropped by up to 14% in 3 weeks which mean’s, what was the point taking out private pension’s when you can loose your income, one couple lost £2,500 per year a big drop for any poor pensioner.
dribblingpensioner 