Live-for-now culture; Millions risk poverty in old age by shunning private pensions. From: The Daily Mail (London, England) | Date: July 30, 2003| Author: Behar, Darren | COPYRIGHT 2003 Solo Syndication Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

Byline: DARREN BEHAR

ONE in two workers is threatened with poverty in old age because they are not saving privately for retirement, Government figures warned yesterday.

The official survey found that only half of Britain's 28millionstrong workforce has a private pension, leaving the rest relying heavily on the state.

Many young workers are unwilling to put cash aside for the distant future, preferring instead to spend their hard-earned wages on enj...

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