If you start a pension for a newborn, you're already 30 years too late

Most people don't start to think about pensions until far too late in their lives to be sure of a comfortable retirement. That may not come as a huge shock. However, what's more surprising is that even if your canny parents started a pension for you on the day you were born, they'd already be 30 years too late.

A study has claimed that a baby born today would need to have been saving since 1984 in order to secure a comfortable retirement. But how can this be right, and if it is, how can any of us ever afford to retire?

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