Pension Crisis Escalates

Statistics are confirming what most of us have been aware of for some time, that, the destruction of the private pension industry by corrupt politicians and bankers is impacting on many people’s pensions to such an extent that many people are being forced out of retirement in order to make ends meet.

The state pension is a joke. Britain has one of the worse state pensions of all the developed nations. Millions of private sector workers who have worked all their lives and saved in what they were led to believe were safe pension schemes, are seeing their retirement plans burned.

Final salary pensions are virtually extinct after government tax grabs. The expected retirement incomes of millions of hard working people have been revised downwards forcing many of them to remain in work for longer if they want to avoid a retirement of poverty.

This has happened because most of us trusted the government and financial institutions to have our interests at heart. We now know they don’t, and haven’t had for a long time. The bunch of politicians who make up our political class are self seeking, money grabbing and in many cases corrupt. They are concerned with building their own wealth on the back of the taxpayer.

Those of us in the private sector are left stranded as we move towards what should have been our retirement. The only solution is to take direct action for yourself. Find ways to build your own pension income. The internet has opened up new opportunities for us all. Utilized correctly you can use the internet to build your wealth.

I’m not talking about making millions; I’m talking about building your wealth slowly to supplement your retirement. Use the internet to build your wealth. Doing nothing is not an option unless you are happy to accept a retirement of poverty.