The Global PENSIONS Crisis | How will it affect YOUR future retirement?

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It's well documented that the global pensions time bomb is the slowest moving financial crisis of our time. Pension schemes across the developed world are reaching breaking point and governments are running out of ideas on how to deal with the problem.

In this video I look at the cause of the pensions crisis as a whole and hone in on a report by the Institute of Fiscal Studies (IFS), which warns that the UK government will need to increase the state pension age to a minimum of 70 by 2050!

While some of us may be many years off retirement and have no intention of relying on the state pension, I discuss how the state and private pension ages are interlinked and talk about the impact this could have on your private / workplace pension.

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⏱TIME STAMPS:
0:00 Intro
0:50 The Pension Problem
1:12 What is the Cause?
2:00 Pension Review Report
3:15 Current Pension Stats
3:50 Can we rely on the State Pension in Retirement?
4:44 How Could an Increase in the Pension Age Affect You?
6:18 What Does the Future Hold When it Comes to Pensions?
6:49 What Action Can We Take Today?
7:32 Benefits of Using a Stocks and Shares ISA

Thanks for watching! 😎

Disclaimer: I am not a financial advisor and do not provide financial advice in any capacity. All information provided on this channel is strictly for entertainment and educational purposes only. Please consult a suitably qualified licenced professional should you require financial advice.
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Love your videos. Very informative. Would love to collab.

alwaystalkmoney
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Great video! Please don't apologise as there is nothing boring about pensions. The young will very quickly realise this when they find themselves knocking on the door of retirement with little to nothing saved! 😱😱😱

clarenceishmael
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NHS- gone
Safe drinking water- gone
state pension- gone
House affordability- gone

yayo