Season 1 · Episode 353
Planning for retirement, who pays?
Private pensions are partly responsible for the financialisaton of the UK economy. At what price? Phil Dobbie talks to Prof Steve Keen on this week’s Debunking Economics podcast.
Debunking Economics - the podcast · Steve Keen & Phil Dobbie
May 31, 202339m 50s
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Show Notes
There is about £2.5 - 3 trillion of assets in UK private pension schemes. Through the tax system we are heavily incentivised to put money into our pension plans. So, what’s wrong with that? That money is supposedly used to invest in businesses, so it helps the economy grow. If only. This week Steve Keen talks to Phil Dobbie about the orle pensions have had in the financialisaton of the economy. He believes a better state funded system would be a healthier approach, but don’t count on it happening anytime soon.
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