Further fun fact:
If your parents are poor you’ll rent for longer and get a mortgage later and pay it off later. What does that mean? You’ll have less income (if any!) to set aside for saving a private pension in your 20s, 30s and 40s. What’s the main benefit of DC pensions? Compound interest!
@blobbystc.bsky.socialFun fact: those with poor older relatives are already paying for it through economic subsidies and unpaid caring responsibilities
