Worry about your retirement before the kids

The retirement plans of many middle-class people hinge on spending on teens' education


Like self-improvement books, the purpose of pension adequacy surveys is to make us feel lousy about ourselves. Lousy and scared: We haven't saved enough because we're myopic and lack self-control.

We don't have a retirement plan, and it's getting late. That next avocado toast may deny our future selves a pair of reading glasses. At the back of our minds, there's always the guilt that we should be leaving something - actually, a lot - to our children.

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A version of this article appeared in the print edition of The Sunday Times on November 22, 2020, with the headline 'Worry about your retirement before the kids'. Print Edition | Subscribe