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The article claims people are not coming out of retirement and are unlikely to do so as the early retirees are comparatively well off.

• Jensson 4y ago
  If there isn't enough labor to pay for their retirement then inflation will eat up all their retirement until there is enough labor.
  • vaidhy 4y ago
    They do not have to retire in UK either, right? You can take your nest egg and move to SE Asia?
    • wrycoder 4y ago
      Most people don’t have a nest egg these days.
  • CraigJPerry 4y ago
    >> enough labor to pay for their retirement Labour doesn't pay for their retirement. >> inflation will eat up all their retirement Their state pension increases in line with inflation thanks to the penion "triple lock" in the UK (this is temporarily the "double lock" for 22/23). >> until there is enough labor Adding labour has no direct impact on pension income, there can't be "enough labour" to reinstate a standard of living in a person's pension situation Instead what will happen is existing groups who are already below water (e.g. foodbank users) will suffer more pain.
    • Jensson 4y ago
      > Their state pension increases in line with inflation thanks to the penion "triple lock" in the UK (this is temporarily the "double lock" for 22/23). In that case you have a feedback loop creating infinite inflation that goes faster than those rate adjustments goes. There is no magical wand to wish away inflation like that.