The Student Room Group

“I’m 73 and in the retirement trap – my pension is too small but I can’t get a job”

This is the title of the article so apologies if people read the title with confusion and the news story is here:
https://inews.co.uk/inews-lifestyle/retirement-trap-pension-too-small-no-job-2996586

If it’s behind a paywall for you: https://archive.is/2024.04.09-063540/https://inews.co.uk/inews-lifestyle/retirement-trap-pension-too-small-no-job-2996586

What are your thoughts, do you have sympathy for the woman? do you think that this is real issue for older generations or should we be more concerned about Zoomers, Alphas and younger Millennials.

Lots of negative reactions (lack of sympathy) when I shared this somewhere else.
I suppose in summary 'Yes Sympathy' but not at particular expense of other groups, we're almost all getting gutted by the same rises unless we're in the top few %. The pensioners getting shafted today are showing us just how it will be.

In the cases of older generations - having worked for decades and paid their share of taxes and NI they'll have seen their pension age pushed back, threatened and justifiably be wondering why they bothered, esp when they're palmed off with little better than we award the unemployed in the face of these huge rises, making whatever you'd saved worth effectively less everyday.

It must really suck to get to that age and realise that's basically it if you haven't put away in private schemes or in an investment portfolio of some sort, you're options to go out an earn are massively limited and in permanent decline.
Reply 2
Did I miss the bit where she mentioned she was paying into a relatively generous local government pension scheme as a librarian or into the relatively generous teacher pension scheme as a teacher? Or was she really intending to just retire on a state pension alone?

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