Young people in UK losing faith in retirement, according to Jeremy Black





Nearly three quarters of people believe retirement as we currently understand it will not be possible in the future, a BBC Newsnight poll has suggested.

Some 70% of the 1,000 asked thought it would not be feasible for people to stop work then live on a pension for up to 30 years, the ComRes survey found....

Jeremy Black, professor of history at the University of Exeter, said younger people who were yet to retire were having to adjust to a dramatic change in fortunes.

"The relationship between the generations has been transformed. Whereas it used to be the case that up and coming generations tended to be more prosperous then their parents, now we're going to be in reverse," he said.

He added that the powerful sense of entitlement among those who had grown up with a strong welfare state had now become unaffordable....


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