Weekend reading: Retirement Living Standards revisited

The first Weekend Reading every month can be read by anyone on the Monevator website. Subscribe for free to our email newsletter or become a member to ensure you see the rest. I guess we’ve all got used to prices going up again by now. But a £2,100 jump in just 12 months in the income needed to fund a comfortable retirement is still a little shocking. That figure comes from the latest Pensions UK Retirement Living Standards survey: Source: Retirement Living Standards Most people are not on track to enjoy the right-hand side of that reality. Yet if you talk to them about their imagined retirements, they hardly describe a basic Pot Noodles and the telly lifestyle. As Which reports: Pensions UK says that around 82% of the working population are expected to reach the minimum standard of living in retirement, with just 23% and 9% expected to reach the moderate and comfortable standards respectively. Last week, the Pension Commission warned that 15 million people are undersaving for…