Re: This is all very well, but........
People can make their own choices, but when they decide to spend money and not save for retirement should stop complaining about what they have to do later in life. Problem today is people want it all. To spend all their money now on living life, whilst still expecting others to fund their later life/retirement. Either live life a little less and save more, or accept some compromises later in life.
While I have some sympathy for the views expressed, people working in minimum / living / low wage jobs are supposed to save for retirement how exactly?
This is what I was thinking - if wages are staying down, and for quite a lot of people that's far below the median*, then how are they (we) supposed to save for anything, let alone a pension? Minimum wage, even the Living Wage Foundation's living wage, isn't enough to be paying for pensions out of it while there's massive rent or mortgage to pay (that's if you can even find a place to rent these days).
*The median, which, by the way, at around £26K hasn't changed much in 15+ years, or so it seems, while top level wages have gone stratospheric, meaning there are far more low paid jobs in this economy than there were 15 years ago.