Workers toil not just to live, eat and raise a family, but also to prepare for retirement by building a pension pot. However, recent reports from the Pensions Commission have argued that fifteen million people in the UK are not saving nearly enough to have a secure retirement, even by the miserly standards of capitalism.
Nearly half of working-age adults are not saving into a pension at all, with just 4% of ‘self-employed’ workers doing so. Future retirees may well be worse off than today’s.
Not only does capitalism dominate people’s working lives, the pressures of daily life also make it much harder to get ready to live comfortably after their days of toil and exploitation are over.