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The Bunker – News without the nonsense

Millennial tension: Why would anyone save for a pension?

The Bunker – News without the nonsense

Podmasters

News, Government, Politics, Society & Culture

4.61K Ratings

🗓️ 19 January 2023

⏱️ 23 minutes

🧾️ Download transcript

Summary

It’s hard to plan for the future when the present seems so grim. But is a nihilistic attitude to pensions creating a ticking time bomb for millennials? And have scandals and corporate embezzlement meant we have all lost faith in the safety net of our twilight years? Disillusioned Bunker host Marie Le Conte is joined by Dr. Hayley James, senior research fellow in the Centre for Personal Financial Wellbeing at Aston University, to ask what (if anything) can restore trust in the pensions system. “ We often hark back to a ‘golden age’ of pensions that hasn’t always existed.” “The gender pension gap is huge, bigger than the gender pay gap.” Support us on Patreon: www.patreon.com/bunkercast Written and presented by Marie Le Conte. Producer Jet Gerbertson. Assistant producer Kasia Tomasiewicz. Lead producer Jacob Jarvis. Bunker music by Kenny Dickinson. Audio production by Jade Bailey. Group Editor Andrew Harrison. THE BUNKER is a Podmasters Production Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

My name is Stan. I'm at. Nice to meet you. So you took up photography where? I've always loved

0:05.5

photography but I turn it into earning a living at 60. I enrolled on a day course.

0:11.8

Well college. I loved going to college. It's good you can retry. I'm enrolled on the day course. But college?

0:13.0

I loved going to college.

0:14.0

It's good you can retrain and do something.

0:16.0

Yeah, yeah.

0:17.0

Let's talk about working, learning, saving and making the most of living longer.

0:22.0

Phoenix Group is the UK's largest long-term savings and retirement business.

0:28.0

Search Phoenix Group living longer.

0:30.0

Pets brings so much joy.

0:32.0

From those happy greetings at the door to the warm cuddles on the sofa

0:36.7

so give a little love back with dental life from Purina a range of delicious chues made for dogs and tasty snacks for cats that help clean and support your pets, teeth and gums, essential for their overall well-being and a happy, healthy life. They give you plenty of smiles so

0:55.3

look after theirs with dental life. Pick up dental life in the pet food aisle. Hello and welcome to the bunker. My name is Marie Lacont. If you're a long time listener of our podcast, you may know that I'm 31 years old and I do not have a pension.

1:17.0

I have been shouted out by my friends, my family, and strangers on the internet about it, but it didn't help.

1:22.0

I simply never got around to doing it.

1:24.3

If I'm honest, I also feel like my generation will get shafted in one way or another once we get older,

1:29.9

so there's a little point in being financially responsible right now.

1:33.0

This may sound bleak, but I think I'm just being realistic.

1:36.0

When was the last time something went right for millennials?

1:39.0

Still, I'm open to be convinced, and I hope that today's guest may be able to change my mind.

1:44.0

Hello to Dr. Haley James, a senior research fellow in the Center for Personal Financial Well

1:49.1

Being at Aston University. Hi! Hi, thanks for inviting me on. Thanks for coming. So your

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