Have you watched the Panorama program entitled “Who will save the savers” yet? You can still check it out on bbc iplayer.
Comments made include:
Average pension pot is £25,000 paying £1800 per year, (that is astonishing and frightening at the same time)
Government has let us down, people feel aggrieved and betrayed
Government does not know what it is doing on pensions
People having to work until they are 70 -75
We are heading for a disaster if we do not get a grip, what are we going to live on?
Share prices down 30%, could take decades for the markets to recover, (if they do)
Spain property prices down 40%
UK property prices down 20%
91% of final salary pensions in the private sector are now showing a deficit.
Public disorder could happen
Observations
I hadn’t realised that the pension situation was a bad as it obviously is. We all want to live to a ripe old age, but it is looking like the majority of people are going to live in poverty.
People need to review their pension pots urgently in light of the recent stock market and banking turmoil and ask themselves four questions.
What sort of lifestyle do I want (deserve) when I retire?
What date am I going to retire?
Will my pension give me that lifestyle?
And if not what am I going to do about it?
What is my point here?
My point is that there is another business opportunity out there that will give you the security you are looking for. Network Marketing will pay you a residual income every single month and your income is willable in full to the next generation so that your children can carry on earning the ever-increasing income for years to come. How fantastic is that?
There are record numbers of people who are now joining this business, why?
Because they have had enough of the system, (because it clearly doesn’t work) and they more than anything want to take control of their lives.
Saturday, 28 March 2009
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