Government pensions are unsustainable - here's what happens in 30 years

the level of available government support for retirement is likely to reduce in the future.

22:19 / 23:00

the level of available government support for retirement is likely to reduce in the future. There are many conversations happening in The United Kingdom around the state pension and in The United States around Social Security to determine whether the current model that we have is really sustainable. You know, not for the next five years. That's probably gonna be alright, hopefully, but more for the next thirty, forty years. So that fundamental need for people to save if they wanna stop working eventually or if they don't wanna stop working and they just wanna do other things when, you know, when when they're older.

About this clip

PensionBee CEO Romi Savova explains why current government retirement support models in both the UK and US are fundamentally unsustainable over the next 30-40 years. She argues that declining state pension and Social Security viability makes personal retirement savings essential for anyone planning to eventually reduce or change their work in later life.

Why this clip

This clip offers a stark prediction about the future of government retirement benefits that could fundamentally change how people approach financial planning.

22:19 - 23:0040sprediction

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