Absolutely not!
Inflation running at around 10% - savings interest rates at less than 5%.
All that means is that savings are effectively being devalued by at least 5% a year and if you are retired then you have no means to make up that deficit.
If your only retirement income is the state pension then you are correct.
Inflation hits all other retirees harshly. Yes saving rates have increased but only by about a third of the inflation rate. Any retiree with cash savings have seen that effectively devalued
Some annuities do have an...
Have you actually read what I’ve posted before replying in such a manner?
I have simply posed the question that if it were decided to build more houses than we currently are then who would be doing the building?
Throughout this thread numerous posters have suggested that building more houses would be an answer to high house prices. I have no doubt that we need more dwellings and logic does suggest that by reducing the demand/supply ratio prices should fall.
However what hasn’t been considered is the...