Monday, 6 October 2025

Sex And Drugs And Pension Pots

Money. People fight for it, die for it and put it in china pigs but you would need a massive Piggy Bank to hold the £3.1m which is how much it is being advised generation Z need to save in their pension pot to retire comfortably?
To reach this figure a 25-year-old today who wants to go on an annual holiday and the odd UK weekend break after they stop work, and if they live for another 25 years afterwards, will need to find £1,600 a month to squirrel away.
Obviously good luck with that if you’re a nurse, a teacher, policemen or mostly anything actually unless you plan to spend the next 40 years of your working life eating beans from a tin and living in a single room with a candle for warmth and light like a 21st Century Scrooge, none of that having a good time when you have your pension to think about.
The good news is that you can aim a bit lower in your dotage and the analysis found that gen Zs will need £2.2m for a moderate lifestyle and £947,700 for a minimum one and then it went into subjects such as buying an annuity or using drawdown and then i lost the will to live and began nodding off but then things like pension pots have never interested me, i find it all soooooo boring and the sort of things finance nerds go on about but i am 56 now and my pension plan is to win the lottery or find a Van Gogh painting in the back of the garage in the next 11 years.   
To be fair from 0-67 my big plan was to enjoy myself and let the later part of my life take care of itself so i say to Gen Z life is short, enjoy life while you can because you never know what tomorrow brings and if the options are scrimp and save to put £1,600 in your pension plan or blow it on sex and drugs and Rock n roll, the memories of the latter will keep you warm more than that memory of that month a few decades back when you managed to save a bit extra from buying recycled toilet paper.

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