Inflation blow: Many people have only a small private retirement pot, and limited options to save more Inflation has pushed a comfortable retirement further out of reach for many savers, who now need to build a pot of nearly £600,000 to achieve financial freedom, new research reveals.
The rising cost of living requires an extra £4,200 a year to maintain the same lifestyle as in spring last year.
And you have to save another £69,000 to generate that amount of annual income, the study shows.’These kinds of eye-watering sums are simply unaffordable for pensioners, many of whom have a small private […]
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