Putting money into saving for a future, rather than buying a new car each year, doesn’t make me responsible for low growth of the UK economy, says Neil Heydon-Dumbleton
While there is much of interest in Phillip Inman’s article, it’s a bit simplistic to suggest that national woes arise from lazy, early-retiring baby boomers (Get early retirees off the golf course and back to work – why early retirement isn’t good for UK plc, 26 July).
It’s true to recognise that we’re in an advantageous position that others aren’t, but few of us have the luxurious boardroom pensions he suggests we have. Rather, many of us reached the position by long working hours, and saving for such a retirement. Putting money into saving for a future, rather than buying a new car each year, doesn’t make me responsible for low growth of the UK economy. Indeed many early retirees are driving charities through their volunteering work. These charities often now fill the gap left by government austerity.
