Telegraph: 1 in 3 British workers will retire in poverty

According to the report of the International Economic Group of Fars News Agency, the English newspaper Telegraph wrote: Although the amount of pensioners’ salaries in the UK has reached 110 billion pounds per year, a large pension company warns that one in three workers will retire in poverty.

The Pension and Lifetime Savings Association has warned that one in three workers will retire in poverty, despite the value of their pensions increasing. has reached 110 billion pounds annually by the government to pensioners.

The Telegraph quoted this company and wrote: “Retirees need at least 12,800 pounds of pension income per year to live a dignified life.”

According to this newspaper, the company “Scottish Widows” (Scottish widows) in turn warned that hundreds of thousands of pensioners in England will struggle to enjoy a minimum standard of living.

The firm’s Peter Glancey said: “The National Pensions Outlook paints a grim picture as one in three of us face the harsh reality of retirement where we struggle to make ends meet.

“A growing number of retirees don’t own a home, and the cost of renting will take away most or all of their retirement income, leaving them dependent on government benefits to get by,” Glancy said.

The English newspaper emphasized that rental costs currently account for up to 70% of pensioners’ pension income, and even up to 130% in London.

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