Magazine
Latest Issue

Personal finance: The British question

How can we prepare for a 30-year retirement?

By Robin Ellison   March 2013

Every hour that passes, life expectancy  in Britain extends a further 15 minutes. It is increasing at around 2.5 years every decade, and providing for an ever-extending old age is increasingly expensive. The problem is that few of us know, as an individual, just when we are going to die, so a system which takes away the gamble of not knowing how much to save is becoming increasingly vital.

In human terms, we might not earn a living wage before we’re 30, we might work for 30 years and then we might live another 30 in retirement. In economic terms,…

Register today to continue reading

You’ve hit your limit of three articles in the last 30 days. To get seven more, simply enter your email address below.

You’ll also receive our free e-book Prospect’s Top Thinkers 2020 and our newsletter with the best new writing on politics, economics, literature and the arts.

Prospect may process your personal information for our legitimate business purposes, to provide you with newsletters, subscription offers and other relevant information.

Click here to learn more about these purposes and how we use your data. You will be able to opt-out of further contact on the next page and in all our communications.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

We want to hear what you think about this article. Submit a letter to letters@prospect-magazine.co.uk

More From Prospect