Millions of savers are losing money as they are caught between poor returns and a rising cost of living, figures show.
If returns are below inflation then of course you\’re losing money.
Which brings us to our favourite retired accountant. He\’s been advocating for years that we should all be investing in \”green bonds\” to provide for our retirement. These would pay 3% he says.
More recently he\’s been agreeing that we should have a higher inflation target: 4% instead of the current 2%.
That is, setting up the system so that any and everyone who saves for a pension loses money while doing so.